Section 185Central Act

Section 185: Punishment for contravention of provisions.

The Insolvency and Bankruptcy Code, 2016.

If an insolvency professional deliberately contravenes the provisions of this Part, he shall be punishable with imprisonment for a term which may extend to six months, or with fine, which shall not be less than one lakh rupees, but may extend to five lakhs rupees, or with both.

Sec 184 — Punishment for false information, etc., by creditor in insolvency resolution process.

Sec 186 — Punishment for false information, concealment, etc., by bankrupt.

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