https://www.taxtmi.com/caselaws?id=788835 Section 32A of the Insolvency and Bankruptcy Code was interpreted as creating a distinction between immunity from prosecution and protection of the corporate debtor's property. The immunity under sub-section (1) applies only if the statutory conditions are met, including approval of the resolution plan and the absence of abetment or conspiracy by the incoming management. Sub-section (2) bars fresh action against the corporate debtor's property after resolution plan approval, but it does not retrospectively nullify a provisional attachment order passed before such approval. The earlier attachment, and its confirmation, therefore remained effective. en-us Tue, 12 Aug 2025 00:00:00 +0530 Mon, 30 Mar 2026 08:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788835 Section 32A of the Insolvency and Bankruptcy Code was interpreted as creating a distinction between immunity from prosecution and protection of the corporate debtor's property. The immunity under sub-section (1) applies only if the statutory conditions are met, including approval of the resolution plan and the absence of abetment or conspiracy by the incoming management. Sub-section (2) bars fresh action against the corporate debtor's property after resolution plan approval, but it does not retrospectively nullify a provisional attachment order passed before such approval. The earlier attachment, and its confirmation, therefore remained effective. Case-Laws Money Laundering Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788835