https://www.taxtmi.com/manuals?id=3093 Section 32A provides that, where a resolution plan approved under section 31 results in a change in management or control to a person who is neither a promoter nor a related party and is not reasonably suspected of abetment or conspiracy, the corporate debtor's liability for offences committed prior to CIRP ceases from the date of approval and prosecutions instituted during CIRP stand discharged, while designated partners and officers in default remain prosecutable; it also bars actions against corporate property covered by the approved plan, subject to required cooperation with investigating authorities. en-us Mon, 14 Aug 2023 15:22:00 +0530 Fri, 08 Dec 2023 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3093 Section 32A provides that, where a resolution plan approved under section 31 results in a change in management or control to a person who is neither a promoter nor a related party and is not reasonably suspected of abetment or conspiracy, the corporate debtor's liability for offences committed prior to CIRP ceases from the date of approval and prosecutions instituted during CIRP stand discharged, while designated partners and officers in default remain prosecutable; it also bars actions against corporate property covered by the approved plan, subject to required cooperation with investigating authorities. Manuals IBC Mon, 14 Aug 2023 15:22:00 +0530 https://www.taxtmi.com/manuals?id=3093