Section – 46, Insolvency and Bankruptcy Code, 2016
Relevant period for avoidable transactions.
|(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 value of the transactions mentioned in this section.