Section 46- Relevant period for avoidableUndervalued1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here transactions.
(1) In an application for avoiding a transaction at undervalue, avoidance of an undervalued transaction,1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here , 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 period starting from1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here one year preceding the insolvency commencement date; initiation date and ending on the insolvency commencement date.1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here or
(ii) such transaction was made with a related party within the period ofperiod starting from1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here period starting from two years preceding the insolvency commencement date. initiation date and ending on the insolvency commencement date.1. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2026 notification dated 06.04.2026, effective from 26.05.2026. To view the notification, Click Here
(2) The Adjudicating Authority may require an independent expert to assess evidence relating to the valueIBBI 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. of the transactions mentioned in this section.
IBBI notification dated 06.04.2026 regarding The Insolvency and Bankruptcy Code (Amendment) Act, 2026
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