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Can insolvency law balance ESG concerns with creditor certainty? In this insightful interview, Dr. Jonatan explores environmental claims in bankruptcy, ESG liabilities
In this compelling conversation, Steven Kargman breaks down the changing realities of corporate insolvency and sovereign debt restructuring in today’s global economy.
A plain reading of Section 32A IBC reveals that once a resolution plan is approved under Section 31, the Corporate Debtor shall not be prosecuted for an offence committed prior to the commencement of the CIRP. However, this immunity does not extend to the erstwhile officers and persons responsible for the conduct of its business prior to CIRP.