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Undervalued transactions.

Section 164 - Act - ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT - Insolvency and Bankruptcy Code, 2016 - Section 164 - 164. (1) The bankruptcy trustee may apply to the Adjudicating Authority for an order under this section in respec .....

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; and (b) caused bankruptcy process to be triggered. (3) A transaction between a bankrupt and his associate entered into during the period of two years preceding the date of making of the application for bankruptcy shall be deemed to be an undervalue .....

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d as a part of an undervalued transaction to be vested with the bankruptcy trustee as a part of the estate of the bankrupt; and (c) pass any other order it thinks fit for restoring the position to what it would have been if the bankrupt had not enter .....

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