Offences and Penalties under Insolvency and Bankruptcy Code, 2016 (Chapter VII, IBC 2016)

Categories of Offences 1. Offences committed by Corporate Debtor or the Officers(s) of Corporate Debtors Section Particulars of Offence Penalties Section 68 Where a Corporate Debtor within the twelve months immediately preceding the insolvency commencement date: Willfully concealed any property or any debt, fraudulently removed any part of the property, of the value of ten … Read more