Fraudulent management in pre-pack insolvency permits adjudicating authority to impose penalties on officers after a resolution professional's application.

Section 67A creates a penal remedy for officers who, after the pre-packaged insolvency commencement date, manage the corporate debtor with intent to defraud creditors or for fraudulent purposes; following an application by the resolution professional, the Adjudicating Authority may impose a monetary penalty on such officers within a prescribed minimum and maximum range to protect creditor interests during the pre-pack process.

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