Section 46: Relevant period for avoidable transactions.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(1) In an application for avoiding a transaction at undervalue, the liquidator or the resolution professional, as the case may be, shall demonstrate that—

(i) such transaction was made with any person within the period of one year preceding the insolvency commencement date; or

(ii) such transaction was made with a related party within the period of two years preceding the insolvency commencement date.

(2) The Adjudicating Authority may require an independent expert to assess evidence relating to the value of the transactions mentioned in this section.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	46
Marginal note	Relevant period for avoidable transactions.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	4

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