https://www.taxtmi.com/acts?id=39823 Section 77A criminalises knowingly furnishing or authorising materially false information, or knowingly omitting material facts, in the pre-pack application under section 54C or in the list of claims or preliminary information memorandum under section 54G; it also penalises directors or partners who deliberately contravene Chapter III-A. Penalties include imprisonment for not less than three years and up to five years, or a fine within the statutory range, or both. The section defines "false in material particulars" by reference to facts that would have been sufficient to determine existence of a default under the Code. en-us Tue, 06 Apr 2021 17:11:55 +0530 Sat, 02 Sep 2023 11:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39823 Section 77A criminalises knowingly furnishing or authorising materially false information, or knowingly omitting material facts, in the pre-pack application under section 54C or in the list of claims or preliminary information memorandum under section 54G; it also penalises directors or partners who deliberately contravene Chapter III-A. Penalties include imprisonment for not less than three years and up to five years, or a fine within the statutory range, or both. The section defines "false in material particulars" by reference to facts that would have been sufficient to determine existence of a default under the Code. Act-Rules IBC Tue, 06 Apr 2021 17:11:55 +0530 https://www.taxtmi.com/acts?id=39823