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of <h1>Section 45: Avoidance of Undervalued Transactions in Liquidation Process Under Insolvency and Bankruptcy Code 2016 Explained</h1> Section 45 of the Insolvency and Bankruptcy Code, 2016, addresses the avoidance of undervalued transactions during the liquidation process. If a liquidator or resolution professional identifies transactions made by the corporate debtor within a specified period that are undervalued, they must apply to the Adjudicating Authority to have these transactions declared void and reversed. A transaction is considered undervalued if it involves a gift or an asset transfer for significantly less consideration than provided by the corporate debtor, and it is not part of the ordinary course of business.
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