https://www.taxtmi.com/caselaws?id=800457 Section 32A of the Insolvency and Bankruptcy Code ends a corporate debtor's criminal liability for offences committed before commencement of CIRP and bars prosecution where an approved resolution plan transfers management or control to a new person unconnected with the prior management. Immunity applies when the alleged offences concern the earlier management and the statutory change-of-control conditions are met. On those conditions, the corporate debtor is protected from prosecution for pre-CIRP environmental offences; criminal proceedings and the cognizance order may be quashed as against the company, without affecting proceedings against other accused persons. en-us Wed, 30 Sep 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800457 Section 32A of the Insolvency and Bankruptcy Code ends a corporate debtor's criminal liability for offences committed before commencement of CIRP and bars prosecution where an approved resolution plan transfers management or control to a new person unconnected with the prior management. Immunity applies when the alleged offences concern the earlier management and the statutory change-of-control conditions are met. On those conditions, the corporate debtor is protected from prosecution for pre-CIRP environmental offences; criminal proceedings and the cognizance order may be quashed as against the company, without affecting proceedings against other accused persons. Case-Laws IBC Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800457