Concealment of dispute by operational creditor attracts criminal liability including imprisonment and fines under insolvency law. Concealment by an operational creditor of a notified dispute or the full payment of an unpaid operational debt in an insolvency application, or authorising such concealment, attracts criminal liability. The implicated operational creditor or person faces penal liability consisting of imprisonment, a monetary fine, or both, with statutory minimums applicable to each component of punishment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Concealment of dispute by operational creditor attracts criminal liability including imprisonment and fines under insolvency law.
Concealment by an operational creditor of a notified dispute or the full payment of an unpaid operational debt in an insolvency application, or authorising such concealment, attracts criminal liability. The implicated operational creditor or person faces penal liability consisting of imprisonment, a monetary fine, or both, with statutory minimums applicable to each component of punishment.
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