In this article, you will learn about the practical aspects of undervalued transactions. You will also learn how to draft applications for the avoidance of undervalued transactions and how to contest them effectively before the National Company Law Tribunal. So, if you are an aspiring insolvency professional or a resolution professional or a young lawyer starting out in insolvency and bankruptcy practice, this article will be of great help.
Table of Contents
Introduction
Let’s take an example of a restaurant, Lip Smacking Pvt. Ltd., owned by a parent company, Food King Ltd. is in choppy waters.
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