Undervalued transactions: authority to vest assets, discharge security interests, and order restitution to the liquidator. The Adjudicating Authority may, in cases of undervalued transactions, require transferred property to be vested in the corporate debtor; release or discharge any security interest granted by the corporate debtor; require persons who received benefits to pay sums to the liquidator or resolution professional; or require payment of consideration for the transaction as determined by an independent expert.
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 transactions: authority to vest assets, discharge security interests, and order restitution to the liquidator.
The Adjudicating Authority may, in cases of undervalued transactions, require transferred property to be vested in the corporate debtor; release or discharge any security interest granted by the corporate debtor; require persons who received benefits to pay sums to the liquidator or resolution professional; or require payment of consideration for the transaction as determined by an independent expert.
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