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Section 67A

Fraudulent management of corporate debtor during pre-packaged insolvency resolution process.

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67A. Fraudulent management of corporate debtor during pre-packaged insolvency resolution process. CHAPTER VII OFFENCES AND PENALTIES Punishment for concealment of property. Punishment for transactions defrauding creditors. Punishment for misconduct in course of corporate insolvency resolution process. Punishment for falsification of books of corporate debtor. Punishment for wilful and material omissions from statements relating to affairs of corporate debtor. Punishment for false representations to creditors. Punishment for contravention of moratorium or the resolution plan. Punishment for false information furnished in application. Punishment for non -disclosure of dispute or repayment of debt by operational creditor. Punishment for providing false information in application made by corporate debtor.