LawgistThe Insolvency and Bankruptcy Code
75Punishment for false information furnished in application
Where any person furnishes information in the application made under section 7, which is false in material particulars, knowing it to be false or omits any material fact, knowing it to be material, such person shall be punishable with fine which shall not be less than one lakh rupees, but may extend to one crore rupees.
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CHAPTER VII OFFENCES AND PENALTIES
- 68 Punishment for concealment of property
- 69 Punishment for transactions defrauding creditors
- 70 Punishment for misconduct in course of corporate insolvency resolution process
- 71 Punishment for falsification of books of corporate debtor
- 72 Punishment for wilful and material omissions from statements relating to affairs of corporate debtor
- 73 Punishment for false representations to creditors
- 74 Punishment for contravention of moratorium or the resolution plan
- 75 Punishment for false information furnished in application
- 76 Punishment for non-disclosure of dispute or payment of debt by operational creditor
- 77 Punishment for providing false information in application made by corporate debtor
