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OnDecember 1, 2025, a debtor enters CIRP. The RP discovers that 18.5 months earlier, the debtor sold an office (market value ₹5 Crore) to an associate company for just ₹1 Crore, outside the ordinary course of business. Can this transaction be avoided as an undervalued transaction under the Insolvency and Bankruptcy Code, 2016?
It is avoidable as any transfer below market value is invariably reversed
It is not avoidable since look-back is capped at one year for all parties
It is not avoidable as it occurred before actual commencement of CIRP
It is avoidable since a two-year look-back applies to associate transfers
It is avoidable since a two-year look-back applies to associate transfers
Practice and solve "OnDecember 1, 2025, a debtor enters CIRP. The RP discovers that 18.5 months earlier, the debtor sold..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option D: It is avoidable since a two-year look-back applies to associate transfers. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "OnDecember 1, 2025, a debtor enters CIRP. The RP discovers that 18.5 months earlier, the debtor sold..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option D: It is avoidable since a two-year look-back applies to associate transfers. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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