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of <h1>Insolvency Code Sections 45-49: Addressing Undervalued Transactions and Creditor Protections Against Fraudulent Deals</h1> Sections 45 to 49 of the Insolvency and Bankruptcy Code (IBC) address undervalued transactions by corporate debtors. If a liquidator or resolution professional identifies transactions made during a 'relevant time' as undervalued, they must apply to the Adjudicating Authority to void and reverse these transactions. Transactions are deemed undervalued if assets are transferred for significantly less than their value, not in the ordinary course of business. Creditors can report unreported undervalued transactions. The Adjudicating Authority can restore the status quo and initiate disciplinary actions against professionals who fail to report. Section 49 addresses transactions defrauding creditors, protecting those who acquired interests in good faith.
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