Where any person furnishes information in the application made under section 7, which is false in material particulars, knowing it to be false or omits any material fact, knowing it to be material, such person shall be punishable with fine which shall not be less than one lakh rupees, but may extend to one crore rupees.
Section 75: Punishment for false information furnished in application.
The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016
Where this provision sits
| Act | The Insolvency and Bankruptcy Code, 2016. |
|---|---|
| Section | 75 |
| Marginal note | Punishment for false information furnished in application. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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