The Insolvency and Bankruptcy Code, 2016

PART II Insolvency Resolution and Liquidation for Corporate Persons

CHAPTER II Corporate Insolvency Resolution Process(CIRP)

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.

Related posts:

Section 254: Amendments of Act 6 of 2009
Section 89: Replacement of resolution professional
Section 94: Application by debtor to initiate insolvency resolution process