https://www.taxtmi.com/acts?id=54052 Section 64A of the Insolvency and Bankruptcy Code, 2016 provides for penalty for initiating frivolous or vexatious proceedings before the Adjudicating Authority under Part II. Where a person initiates such proceedings, the Adjudicating Authority may impose a penalty within the prescribed statutory range. The provision is designed to deter misuse of insolvency proceedings and to penalise institution of proceedings that are frivolous or vexatious in nature. en-us Wed, 08 Apr 2026 13:06:32 +0530 Tue, 26 May 2026 12:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54052 Section 64A of the Insolvency and Bankruptcy Code, 2016 provides for penalty for initiating frivolous or vexatious proceedings before the Adjudicating Authority under Part II. Where a person initiates such proceedings, the Adjudicating Authority may impose a penalty within the prescribed statutory range. The provision is designed to deter misuse of insolvency proceedings and to penalise institution of proceedings that are frivolous or vexatious in nature. Act-Rules IBC Wed, 08 Apr 2026 13:06:32 +0530 https://www.taxtmi.com/acts?id=54052