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of <h1>Section 74: Penalties for Violating Moratorium or Resolution Plan Under Insolvency and Bankruptcy Code 2016</h1> Section 74 of the Insolvency and Bankruptcy Code, 2016, outlines penalties for contravening a moratorium or resolution plan. If a corporate debtor or its officer violates Section 14, they face imprisonment from three to five years and/or a fine between one lakh and three lakh rupees. Creditors violating Section 14 face imprisonment from one to five years and/or a fine between one lakh and one crore rupees. Violations of an approved resolution plan by any involved party can result in similar penalties, with imprisonment from one to five years and/or a fine ranging from one lakh to one crore rupees.
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