TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Penalties Under Section 65 IBC for Fraudulent Insolvency Initiation: Key Points and Case Law Insights</h1> Section 65 of the Insolvency and Bankruptcy Code (IBC) 2016 imposes penalties for fraudulent or malicious initiation of insolvency or liquidation proceedings. If a person initiates these processes with fraudulent intent or to defraud others, the adjudicating authority may impose a penalty ranging from one lakh to one crore rupees. This applies to the insolvency resolution process, voluntary liquidation, and pre-packaged insolvency resolution process (PPIRP). Relevant case laws highlight that penalties cannot be imposed without evidence of fraudulent intent or violation of natural justice principles, and applications meeting Code requirements should not be dismissed arbitrarily.
TaxTMI 
