https://www.taxtmi.com/acts?id=31025 A creditor, member or partner of the corporate debtor may apply to the Adjudicating Authority when a preferential, undervalued, extortionate credit, or fraudulent or wrongful trading transaction has occurred and the liquidator or resolution professional has not reported it. If satisfied, the Authority must pass avoidance orders under the relevant provisions as if the application had been filed by the liquidator or resolution professional. Where the failure to report occurred despite sufficient information or opportunity, the Board must be directed to initiate disciplinary proceedings. en-us Tue, 02 Jan 2018 14:30:23 +0530 Tue, 26 May 2026 11:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31025 A creditor, member or partner of the corporate debtor may apply to the Adjudicating Authority when a preferential, undervalued, extortionate credit, or fraudulent or wrongful trading transaction has occurred and the liquidator or resolution professional has not reported it. If satisfied, the Authority must pass avoidance orders under the relevant provisions as if the application had been filed by the liquidator or resolution professional. Where the failure to report occurred despite sufficient information or opportunity, the Board must be directed to initiate disciplinary proceedings. Act-Rules IBC Tue, 02 Jan 2018 14:30:23 +0530 https://www.taxtmi.com/acts?id=31025