Punishment for non-disclosure of dispute or payment of debt by operational creditor
Section 76 of the Insolvency and Bankruptcy Code, 2016 deals with punishment for non-disclosure of dispute or payment of debt by operational creditor. disclosure of dispute or [payment] of debt by operational creditor.— Where— (a) an operational creditor has wilfully or knowingly 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 fin The Act was enacted on 28 May 2016.
76. Punishment for non-disclosure of dispute or 1 [payment] of debt by operational creditor.— Where—
(a) an operational creditor has wilfully or knowingly 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 1 [payment of the unpaid operational debt; or
(b) any person who knowingly and wilfully authorised or permitted such concealment under clause (a),
such operational creditor or person, as the case may be, shall be punishable with imprisonment for a term which shall not be less than one year but 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.
Section 76, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 76
What does Section 76 of the Insolvency and Bankruptcy Code deal with?
Section 76 of the Insolvency and Bankruptcy Code is headed "Punishment for non-disclosure of dispute or payment of debt by operational creditor". 76. Punishment for non-disclosure of dispute or [payment] of debt by operational creditor.— Where— (a) an operational creditor has wilfully or knowingly 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 d
How do I find court cases under Section 76 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 76, section 76 Insolvency and Bankruptcy Code, section 76 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.
What should I read with Section 76 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 9 (Application for initiation of corporate insolvency resolution process by operational creditor), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 76 of the Insolvency and Bankruptcy Code enacted?
Section 76 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 76, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
Other sections of this Act
- 240. Power to make regulations2349 words
- 5. Definitions2326 words
- 3. Definitions1381 words
- 29A. Person not eligible to be resolution applicant1152 words
- 239. Power to make rules963 words
- 196. Powers and functions of Board942 words
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.