Punishment for non-disclosure of dispute or payment of debt by operational creditor.

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....ure of dispute or 1[payment] of debt by operational creditor. 76. Where- (a) an operational creditor has wilfully or knowingly concealed in an application under section 9 the fact that the corporate....

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....ay extend to five years or with fine which shall not be less than one lakh rupees but may extend to one crore rupees, or with both. ********** Notes ** Come into the force w.e.f. 01-12-2016 [F. N. ....