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of <h1>Corporate debtor liability for pre-insolvency offences ends with approved resolution plan under Section 32A; individuals remain prosecutable.</h1> Section 32A of the Insolvency and Bankruptcy Code, 2016, stipulates that a corporate debtor's liability for offences committed before the initiation of the corporate insolvency resolution process ceases upon approval of a resolution plan by the Adjudicating Authority, provided the plan results in a change of management to a person not involved in the prior offences. However, individuals directly involved in the misconduct remain prosecutable. Additionally, no actions can be taken against the corporate debtor's property for pre-commencement offences if covered by the approved resolution plan, unless the property is acquired by someone not fulfilling specified criteria. Cooperation with investigations is mandatory despite granted immunities.
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