Section 26 of IBC – Insolvency and Bankruptcy Code, 2016 : Application for avoidance of transactions not to affect proceedings

The Insolvency and Bankruptcy Code, 2016

Part-II Insolvency Resolution and Liquidation for Corporate Persons

Chapter-II Corporate Insolvency Resolution Process

Section 26: Application for avoidance of transactions not to affect proceedings.

*26. The filing of an avoidance application under clause (j) of sub-section (2) of section 25 by the resolution professional shall not affect the proceedings of the corporate insolvency resolution process.


Reference

*Effective from 01.12.2016.


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