Substitution of new section for section 235A.

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.... "235A. If a person has contravened any provision of this Code or any rules or the regulations made thereunder, the Adjudicating Authority may, on an application made by the Board or the Central Government or any person authorised by the Central Government in this behalf, impose upon such person, a penalty which shall not be less than one lakh rupees for each day during which the contraventio....

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....t the Adjudicating Authority for the purposes of this section shall be the same as referred to in section 60 or section 179, as the case may be. Explanation. II-For the purposes of this Code, it is hereby declared that the omission of sections 74 and 76, and the amendment of this section by the Insolvency and Bankruptcy Code (Amendment) Act, 2026, shall not affect:- (i) any prose....