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    <title>Punishment for wilful and material omissions from statements relating to affairs of corporate debtor.</title>
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    <description>Wilful and material omission in any statement relating to the affairs of a corporate debtor is an offence under the Insolvency and Bankruptcy Code, exposing an officer of the corporate debtor to criminal penalties comprising imprisonment and/or monetary fines within the statutory minimum and maximum bounds.</description>
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      <description>Wilful and material omission in any statement relating to the affairs of a corporate debtor is an offence under the Insolvency and Bankruptcy Code, exposing an officer of the corporate debtor to criminal penalties comprising imprisonment and/or monetary fines within the statutory minimum and maximum bounds.</description>
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