Corporate Debtor Immune From Prosecution Under PMLA Post Approval Of Resolution Plan: Delhi High Court

The Delhi High Court has ruled that a corporate debtor is immune from prosecution under the PMLA after the approval of a resolution plan. This ruling provides clarity on the applicability of the PMLA in insolvency proceedings. The decision protects the resolution process and encourages participation in the revival of distressed companies. This ruling offers relief to corporate debtors undergoing insolvency and promotes a smoother resolution process. It clarifies the interplay between the IBC and PMLA.