¹[Section 67C Contravention for non-disclosure of dispute or payment of debt by operational creditor

Where—
(a) an operational creditor has concealed in an application under section 9, the fact that the corporate debtor had notified him of a dispute in respect of the unpaid operational debt or the full and final payment thereof; or
(b) any person who authorised or permitted such concealment under clause (a); or
(c) any person who acted on such authorisation or permission, the Adjudicating Authority may, on an application made by the Board or the Central Government or any person authorised by the Central Government in this behalf, as the case may be, impose penalty upon such operational creditor or person, which shall not be less than one lakh rupees but may extend to two crore rupees].

Foot Note:
¹ Ins by the Insolvency and Bankruptcy Code (Amendment) Act, 2026