https://www.taxtmi.com/acts?id=31027 Transactions defrauding creditors are addressed where a corporate debtor enters into an undervalued transaction deliberately to keep assets beyond the reach of claimants or to adversely affect their interests. If the Adjudicating Authority is satisfied, it may restore the position as it existed before the transaction and protect the victims of such transactions. The provision also safeguards good-faith third-party acquisitions and benefits taken for value without notice, subject to the stated exceptions. en-us Tue, 02 Jan 2018 14:32:07 +0530 Tue, 26 May 2026 11:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31027 Transactions defrauding creditors are addressed where a corporate debtor enters into an undervalued transaction deliberately to keep assets beyond the reach of claimants or to adversely affect their interests. If the Adjudicating Authority is satisfied, it may restore the position as it existed before the transaction and protect the victims of such transactions. The provision also safeguards good-faith third-party acquisitions and benefits taken for value without notice, subject to the stated exceptions. Act-Rules IBC Tue, 02 Jan 2018 14:32:07 +0530 https://www.taxtmi.com/acts?id=31027