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Punishment for misconduct in courses of corporate insolvency resolution process.

Section 70 - Act - OFFENCES AND PENALTIES - Insolvency and Bankruptcy Code, 2016 - Section 70 - 70. (1) On or after the insolvency commencement date, where an officer of the corporate debtor- (a) does not disclose to the resolution professional all t .....

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orporate debtor in his control or custody and which he is required to deliver; or (c) does not deliver to the resolution professional all books and papers in his control or custody belonging to the corporate debtor and which he is required to deliver .....

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or relating to the property or affairs of the corporate debtor; or (f) accounts for any part of the property of the corporate debtor by fictitious losses or expenses, or if he has so attempted at any meeting of the creditors of the corporate debtor w .....

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