TMI BlogPunishment for contravention of moratorium or the resolution plan [ Section 74 ]X X X X Extracts X X X X X X X X Extracts X X X X ..... 1) ] Offence Where the corporate debtor or any of its officer violates the provisions of section 14, Liability Corporate Debtor or Any officer Penalty any such officer who knowingly or wilfully committed or authorised or permitted such contravention shall be punishable with With Imprisonment for a term which shall not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , or Fine which shall not be less than one lakh rupees, but may extend to one crore rupees, or With Both ( Imprisonment Minimum One year imprisonment and Fine Rs. One Lakh fine if found Guilty ) . Punishment for contravention of moratorium or the resolution plan by the Corporate Debtor [ Section 74(3) ] Offence Where the corpor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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