SC: Proceedings Against Corporate Debtor Would End Once Resolution Plan is Approved - 01.02.2021

Supreme Court has clarified that proceedings against a corporate debtor over money-laundering charges would end once a resolution plan is approved, but continue against wrongdoers in the erstwhile management. The Court has upheld Section 32A of the Insolvency and Bankruptcy Code, 2016.

Tags : Supreme Court Proceedings Against Corporate Debtor

Share :