Creditors Filing False Claims Liable To Be Punished Under S.235A IBC: Centre Tells Delhi High Court

Akshita Saxena

31 March 2022 6:05 PM IST

  • Creditors Filing False Claims Liable To Be Punished Under S.235A IBC: Centre Tells Delhi High Court

    The Central Government has informed the Delhi High Court that creditors filing false or misleading claims during the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 can be prosecuted and punished under Section 235A of the Code.Section 235A provides that if any person contravenes any of the provisions of the Code or the rules or regulations made...

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