<h1>Resolution applicant's Rs 19,700-crore takeover upheld; immunity under Section 32A IBC affirmed after promoters' obstruction found</h1> The Supreme Court upheld a resolution applicant's Rs 19,700-crore plan to acquire an insolvent steel company and affirmed the appellate tribunal's order granting the applicant immunity from prosecution by the enforcement agency, finding that the company's erstwhile promoters systematically sought to frustrate the corporate insolvency resolution process. The court endorsed lower tribunals' findings that the former management engaged in dilatory litigation across forums, showed minimal participation in creditor meetings, and filed frivolous applications-conduct for which costs were previously imposed-concluding their aim was to thwart, not constructively engage in, the CIRP.