https://www.taxtmi.com/caselaws?id=790864 Section 32A of the Insolvency and Bankruptcy Code protected the corporate debtor's assets after approval of a resolution plan and a genuine change in management to an unconnected resolution applicant. The Tribunal held that, once the statutory conditions were met, enforcement action for pre-CIRP offences could continue only against persons responsible for the offence and against non-debtor property, not against the corporate debtor's property. Applying that construction, the attachment under the Prevention of Money Laundering Act could not survive against the debtor's assets, and the attachment order was liable to be set aside. The Tribunal also noted that the creditor challenge had attained finality and could not revive the basis for attachment. en-us Thu, 23 Apr 2026 00:00:00 +0530 Sat, 02 May 2026 07:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790864 Section 32A of the Insolvency and Bankruptcy Code protected the corporate debtor's assets after approval of a resolution plan and a genuine change in management to an unconnected resolution applicant. The Tribunal held that, once the statutory conditions were met, enforcement action for pre-CIRP offences could continue only against persons responsible for the offence and against non-debtor property, not against the corporate debtor's property. Applying that construction, the attachment under the Prevention of Money Laundering Act could not survive against the debtor's assets, and the attachment order was liable to be set aside. The Tribunal also noted that the creditor challenge had attained finality and could not revive the basis for attachment. Case-Laws Money Laundering Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790864