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IBC - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Action against Resolution Professional - Section 233 gives ...

Insolvency and Bankruptcy

April 28, 2023

Action against Resolution Professional - Section 233 gives protection to a resolution professional from criminal prosecution for acts in good faith, and not where he has been apprehended red-handed with the bribe amount. Insolvency and bankruptcy code is self-contained code but only with respect to the matter provided therein. It does not cover the matters like the present, where a Resolution Professional takes bribes in order to favour a party for which P.C. Act is squarely applicable. - HC

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