Section 75Central Act
Section 75: Punishment for false information furnished in application.
Where any person furnishes information in the application made under section 7, which is false in material particulars, knowing it to be false or omits any material fact, knowing it to be material, such person shall be punishable with fine which shall not be less than one lakh rupees, but may extend to one crore rupees.
Previous
Sec 74 — Punishment for contravention of moratorium or the resolution plan.
Next
Sec 76 — Punishment for non-disclosure of dispute or payment of debt by operational creditor.
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.