TNPSC Thervupettagam

Section 32 A of the Insolvency and Bankruptcy Code

January 26 , 2021 1402 days 992 0
  • 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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