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of <h1>Section 233 of Insolvency Code shields officials and insolvency professionals from lawsuits for good faith actions.</h1> Section 233 of the Insolvency and Bankruptcy Code, 2016, provides immunity from legal proceedings to government officials, board members, officers, employees, insolvency professionals, and liquidators for actions taken in good faith under the Code or its associated rules and regulations. This protection ensures that these individuals are not subject to lawsuits, prosecutions, or other legal actions for their bona fide actions while performing their duties. This provision has been effective since August 19, 2016.
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