Case Law Analysis
|Delhi High Court
Section 32A(2) IBC | Resolution Plan Approval Releases Prior PMLA Provisional Attachment If New Management Meets Conditions : Delhi HC
The Division Bench ruled that Section 32A(2) IBC operates retrospectively to lift PMLA provisional attachments imposed before a resolution plan's approval, provided the incoming management is untainted by the predicate offence and meets the statutory safeguards. The decision secures the viability of corporate rescue by shielding new investors from predecessor liabilities under money laundering law.