https://www.taxtmi.com/acts?id=54018 Insertion of a new penalty provision for frivolous or vexatious proceedings under Part II of the Insolvency and Bankruptcy Code. Where a person initiates such proceedings before the Adjudicating Authority, the Authority is empowered to impose a monetary penalty within the prescribed statutory range, with a minimum of one lakh rupees and a maximum of two crore rupees. en-us Tue, 07 Apr 2026 13:16:42 +0530 Tue, 07 Apr 2026 13:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54018 Insertion of a new penalty provision for frivolous or vexatious proceedings under Part II of the Insolvency and Bankruptcy Code. Where a person initiates such proceedings before the Adjudicating Authority, the Authority is empowered to impose a monetary penalty within the prescribed statutory range, with a minimum of one lakh rupees and a maximum of two crore rupees. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:16:42 +0530 https://www.taxtmi.com/acts?id=54018