PMLA Proceedings Against BPSL In ₹47,000 Crore Bank Fraud Case Quashed Due To Successful CIRP: Delhi High Court

In a landmark ruling, the Delhi High Court addressed key issues regarding the prosecution of corporate debtors following the approval of a resolution plan under the Insolvency and Bankruptcy Code (IBC), with special emphasis on Section 32A and the Prevention of Money Laundering Act (PMLA). The case revolves around the legal protection afforded to corporate debtors once a resolution plan is approved, particularly concerning the cessation of prosecution for offenses…