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Section 32 A of the Insolvency and Bankruptcy Code
January 26 , 2021
1394 days
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- The Supreme Court recently upheld the validity of Section 32 A of the Insolvency and Bankruptcy Code.
- Under its judgement, the apex court pronounced that the successful bidders for a corporate debtor will be immune from any investigations conducted by an investigating agency (like Enforcement Directorate or other statutory bodies such as SEBI).
- The Section 32A provides immunity to the corporate debtor and its property.
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