valid as on 08/12/2019

IBC Section 46-Relevant period for avoidable transactions.
Effective from 15.12.2016

(1) In an application for avoiding a transaction at undervalue, the liquidator or the resolution professional, as the case may be, shall demonstrate that—

(i) such transaction was made with any person within the period of one year preceding the insolvency commencement date; or

(ii) such transaction was made with a related party within the period of two years preceding the insolvency commencement date.

(2) The Adjudicating Authority may require an independent expert to assess evidence relating to the of the transactions mentioned in this section.

IBBI have listed the provisions of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 that requires Valuation from a Registered Valuer vide its Circular dated 16.09.2019. To view the Circular, Click Here.

IBC-Enforcement Notification [S.O.3687(E)] dated 09/12/2016


Circular pertaining to Valuation required under the provisions of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 dated 16.09.2019


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