If any person--
(a) fails to deliver to the Custodian any assets, books of account, registers or any other documents in his custody relating to any sick textile undertaking, the management of which has vested in the Central Government, or
(b) retains any property of such sick textile undertaking or removes or destroys it, or
(c) fails to comply with the provisions of section 5, or
(d) fails to comply with any direction made under this Act,
he shall be punishable with imprisonment for a term which may extend to seven years, and shall also be liable to fine.