Section 32A of IBC : Section 32A: Liability For Prior Offences, Etc
IBC
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a company, XYZ Pvt. Ltd., which was involved in financial fraud before it went into the corporate insolvency resolution process (CIRP). After the CIRP started, a new company, ABC Corp, submitted a resolution plan that was approved by the National Company Law Tribunal (NCLT). ABC Corp was not associated with the previous management of XYZ Pvt. Ltd. and had no role in the fraud.
Under Section 32A of the Insolvency and Bankruptcy Code, 2016:
- ...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
