TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 32A Offers Immunity to Corporate Debtors Post-CIRP, Protects New Management from Past Offences</h1> Section 32A of the Insolvency and Bankruptcy Code, introduced through amendments in 2019 and 2020, provides immunity to corporate debtors (CDs) from prosecution for offences committed before the commencement of the Corporate Insolvency Resolution Process (CIRP), contingent on a change in management or control. This immunity also extends to actions against the property of CDs if a resolution plan is approved, provided the new management was not involved in prior offences. However, individuals directly involved in the offences remain liable. CDs must still cooperate with investigations into past offences. Relevant case law underscores these provisions.
TaxTMI 
