Penalties

Penalties.

1. (1) Any person who—
   • (a) having in his possession, custody or control any property forming part of a sick textile undertaking, wrongfully withholds such property from the State Government or the person authorised by that Government, or
   • (b) wrongfully obtains possession of, or retains, any property forming part of the sick textile undertaking or wilfully withholds or fails to furnish to the State Government or any person specified by that Government any document or inventory relating to the sick textile undertaking which may be in his possession, custody or control, or
   • (c) wilfully removes or destroys any property forming part of the sick textile undertaking or prefers any claim under this Act which he knows or has reasonable cause to believe to be false or grossly inaccurate, shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to ten thousand rupees, or with both.