Tag Archives: Punishment for transactions defrauding creditors under Insolvency and Bankruptcy Code 2016

Section 69 of Insolvency and Bankruptcy Code 2016

By | December 1, 2016

Section 69 of Insolvency and Bankruptcy Code 2016 [ Note : Section 69  comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Punishment for transactions defrauding creditors. 69. On or after the insolvency commencement date, if an officer of the corporate debtor or the corporate debtor— (a) has made… Read More »