TMI BlogLiability for prior offences etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the Adjudicating Authority under section 31, if the resolution plan results in the change in the management or control of the corporate debtor to a person who was not- (a) a promoter or in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Partnership Act, 2008 (6 of 2009), or an officer who is in default , as defined in clause (60) of section 2 of the Companies Act, 2013 (18 of 2013), or was in any manner incharge of, or responsible to the corporate debtor for the conduct of its business or associated with the corporate debtor in any manner and who was directly or indirectly involved in the commission of such offence as per the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... moter or in the management or control of the corporate debtor or a related party of such a person; or ( ii ) a person with regard to whom the relevant investigating authority has, on the basis of material in its possession reason to believe that he had abetted or conspired for the commission of the offence, and has submitted or filed a report or a complaint to the relevant statutory authority o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , and notwithstanding the immunity given in this section, the corporate debtor and any person who may be required to provide assistance under such law as may be applicable to such corporate debtor or person, shall extend all assistance and co-operation to any authority investigating an offence committed prior to the commencement of the corporate insolvency resolution process. ] ********* ..... X X X X Extracts X X X X X X X X Extracts X X X X
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