73. Where any officer of the corporate debtor-
(a) on or after the insolvency commencement date, makes a false
representation or commits any fraud for the purpose of obtaining the consent
of the creditors of the corporate debtor or any of them to an agreement with
reference to the affairs of the corporate debtor, during the corporate
insolvency resolution process, or the liquidation process;
(b) prior to the insolvency commencement date, has made any false
representation, or committed any fraud, for that purpose, he shall be
punishable with imprisonment for a term which shall not be less than three
years,
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.