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Section 48: Order in cases of undervalued transactions.

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

The order of the Adjudicating Authority under sub-section (1) of section 45 may provide for the following:—

(a) require any property transferred as part of the transaction, to be vested in the corporate debtor;

(b) release or discharge (in whole or in part) any security interest granted by the corporate debtor;

(c) require any person to pay such sums, in respect of benefits received by such person, to the liquidator or the resolution professional as the case may be, as the Adjudicating Authority may direct; or

(d) require the payment of such consideration for the transaction as may be determined by an independent expert.

Where this provision sits

ActThe Insolvency and Bankruptcy Code, 2016.
Section48
Marginal noteOrder in cases of undervalued transactions.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it5

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