Section 8, Insolvency and Bankruptcy Code, 2016 [S27-GRN]

As at 7 September 2026. In force from 21 March 2016.

In Insolvency and Bankruptcy Code, 2016 [A11-K6N]. This text from 3 August 2019, by Act 63 of 2019 [A11-PFK]. Other texts (1): from 21 March 2016 to 2 August 2019.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 8, Insolvency and Bankruptcy Code, 2016 [S27-GRN]. Machine: S27-GRN.

8. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to five lakh rupees, and in the case of a continuing contravention, with an additional fine which may extend to one lakh rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to ten thousand rupees.

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Cited by (1)

Section 2, Insolvency and Bankruptcy Code (Amendment) Act, 2019 [S29-DTN], 3 August 2019, Band A. "section 8 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016)".

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