If an insolvency professional deliberately contravenes the provisions of this Part, he shall be punishable with imprisonment for a term which may extend to six months, or with fine, which shall not be less than one lakh rupees, but may extend to five lakhs rupees, or with both.
PART III INSOLVENCY RESOLUTION AND BANKRUPTCY FOR INDIVIDUALS AND PARTNERSHIP FIRMS · CHAPTER VII OFFENCES AND PENALTIES
Section 185: Punishment for contravention of provisions
The Insolvency and Bankruptcy Code, 2016