Undervalued transaction look-back period under insolvency law defines the relevant time limits for avoidance applications. Section 46 of the Insolvency and Bankruptcy Code, 2016 prescribes the relevant period for an application to avoid an undervalued transaction during liquidation. The liquidator or resolution professional must show that a transaction with a person other than a related party was entered into within the period beginning one year before the initiation date and ending on the insolvency commencement date. Where the transaction was with a related party, the relevant period extends to two years before the initiation date and ends on the insolvency commencement date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Undervalued transaction look-back period under insolvency law defines the relevant time limits for avoidance applications.
Section 46 of the Insolvency and Bankruptcy Code, 2016 prescribes the relevant period for an application to avoid an undervalued transaction during liquidation. The liquidator or resolution professional must show that a transaction with a person other than a related party was entered into within the period beginning one year before the initiation date and ending on the insolvency commencement date. Where the transaction was with a related party, the relevant period extends to two years before the initiation date and ends on the insolvency commencement date.
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