Mera Samvidhaan All of Insolvency and Bankruptcy Code, 2016

Part II · Chapter VI · Adjudicating Authority for Corporate Persons

64A3[Penalty for initiating frivolous or vexatious proceedings under Part II.

Section 64A · Part II · Chapter VI · page 81 of the Act

If any person has initiated a frivolous or vexatious proceeding before the Adjudicating Authority under this Part, it may impose upon such person a penalty which shall not be less than one lakh rupees, but may extend to two crore rupees.]

3 Ins. by Act 6 of 2026, s. 44 (w.e.f. 26-05-2026).

Section 64A of The Insolvency and Bankruptcy Code, 2016 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.