https://www.taxtmi.com/acts?id=31053 Section 74 of the Insolvency and Bankruptcy Code, 2016, concerning punishment for contravention of moratorium or the resolution plan, has been omitted. The former provision imposed penal consequences on officers of the corporate debtor, creditors, and persons bound by an approved resolution plan where they knowingly and wilfully contravened the moratorium under section 14 or the terms of the approved resolution plan, or abetted such contravention. It differentiated liability by category and provided for imprisonment, fine, or both, with specified minimum and maximum ranges. en-us Tue, 02 Jan 2018 14:58:35 +0530 Tue, 26 May 2026 12:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31053 Section 74 of the Insolvency and Bankruptcy Code, 2016, concerning punishment for contravention of moratorium or the resolution plan, has been omitted. The former provision imposed penal consequences on officers of the corporate debtor, creditors, and persons bound by an approved resolution plan where they knowingly and wilfully contravened the moratorium under section 14 or the terms of the approved resolution plan, or abetted such contravention. It differentiated liability by category and provided for imprisonment, fine, or both, with specified minimum and maximum ranges. Act-Rules IBC Tue, 02 Jan 2018 14:58:35 +0530 https://www.taxtmi.com/acts?id=31053