Punishment for false representations to creditors.

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..... ntations to creditors. 73. Where any officer of the corporate debtor- (a) on or after the insolvency commencement date, makes a false representation or commits any fraud for the purpose of ob .....

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..... r a term which shall not be less than three years, but may extend to five years or with fine which shall not be less than one lakh rupees, but may extend to one crore rupees, or with both. .....

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