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of <h1>Creditors Can Challenge Undervalued Transactions Under Section 47 of Insolvency and Bankruptcy Code, 2016</h1> Section 47 of the Insolvency and Bankruptcy Code, 2016, allows a creditor, member, or partner of a corporate debtor to apply to the Adjudicating Authority to declare undervalued transactions void if the liquidator or resolution professional fails to report them. If the Authority finds that such undervalued transactions occurred and were not reported despite available information, it can order the reversal of these transactions and restore the original position. Additionally, the Authority may require disciplinary proceedings against the liquidator or resolution professional responsible for the oversight.
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