https://www.taxtmi.com/highlights?id=95790 Section 32A of the IBC was applied to determine whether money-laundering proceedings could continue against a corporate debtor whose resolution plan had been approved and substantially implemented. Since the statutory immunity attaches post-resolution, the corporate debtor was directed to be deleted from the array of accused, while prosecution could continue against erstwhile directors/persons in control and other conspirators/abettors, including confiscation of their own attached assets, if any. The protection was made conditional on the successful resolution applicant being unconnected with prior management and not a beneficiary of proceeds of crime; if investigation undermines this foundation, the enforcement agency may proceed in accord..... en-us Wed, 07 Jan 2026 08:11:34 +0530 Wed, 07 Jan 2026 08:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95790 Section 32A of the IBC was applied to determine whether money-laundering proceedings could continue against a corporate debtor whose resolution plan had been approved and substantially implemented. Since the statutory immunity attaches post-resolution, the corporate debtor was directed to be deleted from the array of accused, while prosecution could continue against erstwhile directors/persons in control and other conspirators/abettors, including confiscation of their own attached assets, if any. The protection was made conditional on the successful resolution applicant being unconnected with prior management and not a beneficiary of proceeds of crime; if investigation undermines this foundation, the enforcement agency may proceed in accord..... Highlights Money Laundering Wed, 07 Jan 2026 08:11:34 +0530 https://www.taxtmi.com/highlights?id=95790