Contravention of moratorium or resolution plan

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Full Text of the Document

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.... Central Government or any person authorised by the Central Government in this behalf, as the case may be, impose penalty upon the officer, who committed or authorised or permitted such contravention, which shall not be less than one lakh rupees, but may extend to two crore rupees. (2) Where any creditor contravenes the provisions of section 14, the Adjudicating Authority may, on an application....