https://www.taxtmi.com/acts?id=54032 A new penalty provision deters frivolous or vexatious proceedings under Part III before the Adjudicating Authority. If a person initiates such proceedings, the Adjudicating Authority may impose a penalty within the prescribed statutory range, from a minimum of one lakh rupees up to a maximum of two crore rupees. The provision is a discretionary anti-abuse measure aimed at misuse of the insolvency process. en-us Tue, 07 Apr 2026 13:22:28 +0530 Tue, 07 Apr 2026 13:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54032 A new penalty provision deters frivolous or vexatious proceedings under Part III before the Adjudicating Authority. If a person initiates such proceedings, the Adjudicating Authority may impose a penalty within the prescribed statutory range, from a minimum of one lakh rupees up to a maximum of two crore rupees. The provision is a discretionary anti-abuse measure aimed at misuse of the insolvency process. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:22:28 +0530 https://www.taxtmi.com/acts?id=54032