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<h1>Fraudulent management: officers face statutory penalties during the pre pack insolvency process when acting to defraud creditors.</h1> Section 67A establishes that, from the pre packaged insolvency commencement date, an officer who manages the corporate debtor's affairs with intent to defraud creditors or for any fraudulent purpose may be penalised by the Adjudicating Authority on application by the resolution professional; the provision prescribes a statutory minimum and maximum monetary penalty and conditions enforcement on an application by the resolution professional.