Punishment for misconduct in courses of corporate insolvency resolution process [ Section 70 ]
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....btor- * (a) does not disclose to the resolution professional all the details of property of the corporate debtor, and details of transactions thereof, or any such other information as the resolution professional may require; or * (b) does not deliver to the resolution professional all or part of the property of the corporate debtor in his control or custody and which he is required to deliver;....
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....he corporate debtor. Penalty * He shall be punishable with * Imprisonment for a term which shall not be less than three years, but which may extend to five years, or * Fine, which shall not be less than one lakh rupees, but may extend to one crore rupees, or * with both ( Imprisonment Minimum Three year imprisonment and Fine Rs. One Lakh fine if found Guilty ). * Provided that nothing....