27.
Penalties.- If a default is made-
(a) in filing under section
23, the particulars of every transaction of
any securitisation or asset reconstruction or
security interest created by a securitisation
company or reconstruction company or secured
creditor; or
(b) in sending under section
24, the particulars of the modification referred
to in that section; or
(c) in giving intimation under
section 25,
every company and every officer
of the company or the secured creditor and every
officer of the secured creditor who is in default
shall be punishable with fine which may extend
to five thousand rupees for every day during
which the default continues.
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