https://www.taxtmi.com/caselaws?id=420408 A transfer of a corporate debtor's trademark usage right to a related party for nominal consideration within the look-back period was treated as an undervalued transaction because it was not shown to be in the ordinary course of business and the surrounding facts indicated a shift in control and benefit to the transferee. On that basis, the avoidance provisions were applied to reverse the transaction and restore the trademark right to the corporate debtor in support of the resolution process. en-us Thu, 24 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420408 A transfer of a corporate debtor's trademark usage right to a related party for nominal consideration within the look-back period was treated as an undervalued transaction because it was not shown to be in the ordinary course of business and the surrounding facts indicated a shift in control and benefit to the transferee. On that basis, the avoidance provisions were applied to reverse the transaction and restore the trademark right to the corporate debtor in support of the resolution process. Case-Laws Insolvency and Bankruptcy Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420408