Section 184:
Punishment for false information, etc., by creditor in insolvency resolution process.
(1) If
a debtor or creditor provides information which is false in any material particulars to the resolution
professional, he shall be punishable with imprisonment for a term which may extend to one year, or with
fine which may extend to five lakh rupees, or with both.
(2) If a creditor promises to vote in favour of the repayment plan dishonestly by accepting any
money, property or security from the debtor, he shall be punishable with imprisonment for a term which
may extend to two years, or with fine which may extend to three times the amount or its equivalent of
such money, property or security accepted by such creditor, as the case may be, or with both:
Provided that where such amount is not quantifiable, the total amount of fine shall not exceed five
lakh rupees.