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Punishment for certain actions.

Section 187 - Act - OFFENCES AND PENALTIES - Insolvency and Bankruptcy Code, 2016 - Section 187 - 187. (1) If a bankruptcy trustee,- (a) has fraudulently misapplied, retained or accounted for any money or property comprised in the estate of the bankr .....

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for a term which may extend to three years, or with fine, which shall not be less than three times the amount of the loss caused, or likely to have been caused, to persons concerned on account of such contravention, or with both: Provided that where .....

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