Punishment for providing false information in application made by corporate debtor
Section 77 of the Insolvency and Bankruptcy Code, 2016 deals with punishment for providing false information in application made by corporate debtor. Where (a) a corporate debtor provides information in the application under section 10 which is false in material particulars, knowing it to be false and omits any material fact, knowing it to be material; The Act was enacted on 28 May 2016.
Where
(a) a corporate debtor provides information in the application under section 10 which is false in material particulars, knowing it to be false and omits any material fact, knowing it to be material; or
(b) any person who knowingly and wilfully authorised or permitted the furnishing of such information under sub-clause (a),
such corporate debtor or person, as the case may be, shall be punishable with imprisonment for a term which shall not be less than three years, but which may extend to five years or with fine which shall not be less than one lakh rupees, but which may extend to one crore rupees, or with both.
1*****
Section 77, 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.
Made under this section, and citing it
1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.
Questions about Section 77
What does Section 77 of the Insolvency and Bankruptcy Code deal with?
Section 77 of the Insolvency and Bankruptcy Code is headed "Punishment for providing false information in application made by corporate debtor". Where (a) a corporate debtor provides information in the application under section 10 which is false in material particulars, knowing it to be false and omits any material fact, knowing it to be material;
How do I find court cases under Section 77 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 77, section 77 Insolvency and Bankruptcy Code, section 77 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 77 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 10 (Initiation of corporate insolvency resolution process by corporate applicant), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. The rules and notifications made under it are where it actually bites, and there is one: most recently Commencement of Sections related to Corporate Insolvency. (2016).
When was Section 77 of the Insolvency and Bankruptcy Code enacted?
Section 77 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 77, 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 19 Oct 2026. This page is not a substitute for legal advice.