https://www.taxtmi.com/caselaws?id=784509 Section 32A IBC was held to bar continuation of money-laundering proceedings against a corporate debtor undergoing CIRP once a resolution plan is approved and substantially implemented, provided the successful resolution applicant is unconnected with erstwhile management and is not a beneficiary of proceeds of crime. Consequently, the corporate debtor was directed to be deleted from the array of accused, while prosecution of erstwhile directors/persons in control and confiscation of their attached properties may continue. Any challenge by the enforcement agency to NCLT approval of the resolution plan was closed, and it was held to have no right or lien over assets of the corporate debtor forming part of the plan. Deposits made pursuant to SC directions were ordered to be refunded with interest. en-us Tue, 11 Nov 2025 00:00:00 +0530 Wed, 07 Jan 2026 08:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784509 Section 32A IBC was held to bar continuation of money-laundering proceedings against a corporate debtor undergoing CIRP once a resolution plan is approved and substantially implemented, provided the successful resolution applicant is unconnected with erstwhile management and is not a beneficiary of proceeds of crime. Consequently, the corporate debtor was directed to be deleted from the array of accused, while prosecution of erstwhile directors/persons in control and confiscation of their attached properties may continue. Any challenge by the enforcement agency to NCLT approval of the resolution plan was closed, and it was held to have no right or lien over assets of the corporate debtor forming part of the plan. Deposits made pursuant to SC directions were ordered to be refunded with interest. Case-Laws Money Laundering Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784509