https://www.taxtmi.com/news?id=30261 Immunity under the insolvency framework bars prosecution of a corporate acquirer for offences committed by a corporate debtor before the commencement of the Corporate Insolvency Resolution Process where the adjudicating authority has approved the resolution plan; the court found that approval of the resolution plan for JSW Steel Ltd's takeover of Monnet Ispat satisfied the prerequisites for cessation of pre CIRP liability and treated the company as discharged from prosecution under the insolvency immunity provision. en-us Tue, 14 Jan 2025 19:01:03 +0530 Tue, 14 Jan 2025 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30261 Immunity under the insolvency framework bars prosecution of a corporate acquirer for offences committed by a corporate debtor before the commencement of the Corporate Insolvency Resolution Process where the adjudicating authority has approved the resolution plan; the court found that approval of the resolution plan for JSW Steel Ltd's takeover of Monnet Ispat satisfied the prerequisites for cessation of pre CIRP liability and treated the company as discharged from prosecution under the insolvency immunity provision. News - Tue, 14 Jan 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=30261