Punishment for false information, concealment, etc., by bankrupt.

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....ruptcy under section 122 or while providing any information during the bankruptcy process, he shall be punishable with imprisonment which may extend to six months, or with fine which may extend to five lakh rupees, or with both; Explanation.- For the purposes of clause (a), a false representation or omission includes non-disclosure of the details of disposal of any property, which but for the d....

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.... comprised in the estate of the bankrupt under his possession or control, which he is required to deliver under section 156, he shall be punishable with imprisonment for a term which may extend to six months, or with fine, which may extend to five lakh rupees, or with both; (e) has failed to account, without any reasonable cause or satisfactory explanation, for any loss incurred of any substant....