https://www.taxtmi.com/caselaws?id=393619 The High Court found merit in the petitioners' argument that they cannot be prosecuted post-approval of the resolution plan under Section 32A of the Insolvency and Bankruptcy Code. Consequently, the impugned order, summons, and compliant against the petitioners were set aside. However, the Court clarified that the prosecution of former promoters or officers directly responsible for the offences related to the petitioner company would not be affected. The pending application was disposed of accordingly. en-us Mon, 16 Mar 2020 00:00:00 +0530 Fri, 20 Mar 2020 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393619 The High Court found merit in the petitioners' argument that they cannot be prosecuted post-approval of the resolution plan under Section 32A of the Insolvency and Bankruptcy Code. Consequently, the impugned order, summons, and compliant against the petitioners were set aside. However, the Court clarified that the prosecution of former promoters or officers directly responsible for the offences related to the petitioner company would not be affected. The pending application was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393619