Case Law Analysis
|National Company Law Appellate Tribunal
Section 32A IBC | Clean Slate Immunity Extends to Going Concern Purchasers in Liquidation : NCLAT (PB)
The NCLAT ruled that Section 32A immunity applies to purchasers acquiring a corporate debtor as a going concern during liquidation, extending clean slate protection to the period between the liquidation order and the sale certificate. This shields buyers from pre-existing liabilities and aligns liquidation sales with resolution plan safeguards.