Punishment for transactions defrauding creditors
Section 69 of the Insolvency and Bankruptcy Code, 2016 deals with punishment for transactions defrauding creditors. [If] an officer of the corporate debtor or the corporate debtor— (a) has made or caused to be made any gift or transfer of, or charge on, or has caused or connived in the execution of a decree or order against, the property of the corporate debtor; The Act was enacted on 28 May 2016.
1 [If] an officer of the corporate debtor or the corporate debtor—
(a) has made or caused to be made any gift or transfer of, or charge on, or has caused or connived in the execution of a decree or order against, the property of the corporate debtor;
(b) has concealed or removed any part of the property of the corporate debtor within two months before the date of any unsatisfied judgment, decree or order for payment of money obtained against the corporate debtor,
such officer of the corporate debtor or the corporate debtor, as the case may be, shall be punishable with imprisonment for a term which shall not be less than one year, but which may extend to five years, or with fine, which shall not be less than one lakh rupees, but may extend to one crore rupees, or with both:
Provided that a person shall not be punishable under this section if the acts mentioned in clause (a) were committed more than five years before the insolvency commencement date; or if he proves that, at the time of commission of those acts, he had no intent to defraud the creditors of the corporate debtor.
Section 69, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Questions about Section 69
What does Section 69 of the Insolvency and Bankruptcy Code deal with?
Section 69 of the Insolvency and Bankruptcy Code is headed "Punishment for transactions defrauding creditors". [If] an officer of the corporate debtor or the corporate debtor— (a) has made or caused to be made any gift or transfer of, or charge on, or has caused or connived in the execution of a decree or order against, the property of the corporate debtor;
How do I find court cases under Section 69 of the Insolvency and Bankruptcy Code?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 69, section 69 Insolvency and Bankruptcy Code, section 69 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 69 of the Insolvency and Bankruptcy Code enacted?
Section 69 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 69, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
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Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.