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[Cites 0, Cited by 0] [Section 164] [Entire Act]

Union of India - Subsection

Section 164(4) in Insolvency And Bankruptcy Code, 2016

(4)On the application of the bankruptcy trustee under sub-section (1), the Adjudicating Authority may-
(a)pass an order declaring an undervalued transaction void;
(b)pass an order requiring any property transferred as a part of an undervalued transaction to be vested with the bankruptcy trustee as a part of the estate of the bankrupt; and
(c)pass any other order it thinks fit for restoring the position to what it would have been if the bankrupt had not entered into the undervalued transaction.