https://www.taxtmi.com/news?id=22331 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. en-us Tue, 24 Dec 2019 17:10:42 +0530 Tue, 24 Dec 2019 17:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22331 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. News - Tue, 24 Dec 2019 17:10:42 +0530 https://www.taxtmi.com/news?id=22331