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<h1>Contravention of the moratorium leads to criminal penalties for officers, creditors and persons bound by resolution plans.</h1> Contravention of the moratorium under section 14 by a corporate debtor or its officers, and contravention of the terms of an approved resolution plan by the debtor, its officers, creditors or any person bound by the plan under section 31, are criminal offences; persons who knowingly or wilfully commit, authorise, permit or abet such contraventions are liable to imprisonment and fine.