https://www.taxtmi.com/acts?id=38141 Liability for pre-CIRP offences ceases for the corporate debtor upon approval of a resolution plan that effects change of management or control to a person who is not a promoter/related party nor reasonably suspected of abetment or conspiracy; prosecutions instituted during CIRP stand discharged subject to these conditions. Designated partners, officers in default, and persons directly or indirectly involved in the offence remain prosecutable. Property covered by such approved plans or liquidation sales to qualifying purchasers is protected from attachment, seizure, retention or confiscation, while cooperation with investigating authorities remains mandatory. en-us Mon, 30 Dec 2019 14:56:32 +0530 Sat, 14 Mar 2020 12:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38141 Liability for pre-CIRP offences ceases for the corporate debtor upon approval of a resolution plan that effects change of management or control to a person who is not a promoter/related party nor reasonably suspected of abetment or conspiracy; prosecutions instituted during CIRP stand discharged subject to these conditions. Designated partners, officers in default, and persons directly or indirectly involved in the offence remain prosecutable. Property covered by such approved plans or liquidation sales to qualifying purchasers is protected from attachment, seizure, retention or confiscation, while cooperation with investigating authorities remains mandatory. Act-Rules IBC Mon, 30 Dec 2019 14:56:32 +0530 https://www.taxtmi.com/acts?id=38141