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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Cessation of corporate liability when a resolution plan effects a genuine change in management, subject to investigative cooperation.</h1> The ordinance amends the insolvency framework so that a corporate debtor's liability for offences committed before the insolvency process ceases and prosecution shall not continue from approval of a resolution plan that effects a change in management or control to persons who are neither promoters/related parties nor persons against whom investigating authorities have material and have filed a report; the corporate debtor must nonetheless assist investigating authorities, and the amendment was approved to remove ambiguities and smooth implementation.

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