TMI BlogPunishment for offences related to pre-packaged insolvency resolution process [ Section 77A ]X X X X Extracts X X X X X X X X Extracts X X X X ..... o pre-packaged insolvency resolution process [ Section 77A(1) ] Offences Where- (a) a corporate debtor provides any information in the application under section 54C which is false in material particulars, knowing it to be false or omits any material fact, knowing it to be material; or (b) a corporate debtor provides any information in the list of claims or the prel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 1,00,000/- fine if found Guilty ). . If a director or partner of the corporate debtor deliberately contravenes the provisions [ Section 77A(2) ] Offence If a director or partner of the corporate debtor, as the case may be, deliberately contravenes the provisions of Chapter III-A, Liability Such Director or Partner Penalty such perso ..... X X X X Extracts X X X X X X X X Extracts X X X X
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