Section 32A of the IBC Provides Automatic Immunity from Prosecution and Attachment for Corporate Debtors with Approved Resolution Plans
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![Section 32A of the IBC Provides Automatic Immunity from Prosecution and Attachment for Corporate Debtors with Approved Resolution Plans](https://static.wixstatic.com/media/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.jpg/v1/fill/w_209,h_183,fp_0.50_0.50,q_90,enc_auto/d515a3_5c652e849d8340a28faa1b47e6581ce4~mv2.webp)
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![NCLAT Affirms Successful Resolution Applicant Met All Conditions Precedent for Implementing Jet Airways' Resolution Plan](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- May 28
- 3 min
NCLAT Affirms Successful Resolution Applicant Met All Conditions Precedent for Implementing Jet Airways' Resolution Plan
![Once a Resolution Plan is Approved by the Committee of Creditors, It Cannot Be Withdrawn or Modified by the Resolution Applicant](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- May 27
- 2 min
Once a Resolution Plan is Approved by the Committee of Creditors, It Cannot Be Withdrawn or Modified by the Resolution Applicant
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT Set Aside the Order of NCLT; Priority of Corporate Debtor Revival Over Liquidation is the Objective of the IBC](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 27
- 3 min
NCLAT Set Aside the Order of NCLT; Priority of Corporate Debtor Revival Over Liquidation is the Objective of the IBC
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Insolvency and Bankruptcy Code Provisions do not Override Third-Party Rights to Control and Regulate Their Properties](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 26
- 2 min
Insolvency and Bankruptcy Code Provisions do not Override Third-Party Rights to Control and Regulate Their Properties
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![Secured Creditors, Including Debenture Holders, are Obligated to Contribute to Liquidation Costs under the Insolvency and Bankruptcy Code](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- May 25
- 3 min
Secured Creditors, Including Debenture Holders, are Obligated to Contribute to Liquidation Costs under the Insolvency and Bankruptcy Code
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![The Moratorium Remains Effective Until the Resolution Plan is Approved or the Liquidation Order is Passed, Not Merely upon the Expiry of the CIRP Period](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 25
- 2 min
The Moratorium Remains Effective Until the Resolution Plan is Approved or the Liquidation Order is Passed, Not Merely upon the Expiry of the CIRP Period
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![NCLAT Rules that A Corporate Debtor, by Acquiring Encumbered Property under the SARFAESI Act, Inherits the Financial Debt as per the IBC](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- May 24
- 3 min
NCLAT Rules that A Corporate Debtor, by Acquiring Encumbered Property under the SARFAESI Act, Inherits the Financial Debt as per the IBC
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Compulsorily Convertible Debentures (CCDs) Without Repayment Obligation Are Not 'Financial Debt' under the Insolvency and Bankruptcy Code, 2016](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 23
- 2 min
Compulsorily Convertible Debentures (CCDs) Without Repayment Obligation Are Not 'Financial Debt' under the Insolvency and Bankruptcy Code, 2016
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![MSME Interest Cannot Be Claimed To Trigger The Threshold Limit Under IBC If It Has Not Been Registered As An MSME During The Relevant Periods](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- May 21
- 3 min
MSME Interest Cannot Be Claimed To Trigger The Threshold Limit Under IBC If It Has Not Been Registered As An MSME During The Relevant Periods