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

The Delhi High Court ruled that a corporate debtor is immune from prosecution under the PMLA post-approval of a resolution plan. This ruling provides clarity on the application of money laundering laws in insolvency proceedings. It clarifies that once a resolution plan is approved, the focus shifts to reviving the company and addressing the interests of creditors. The ruling aims to facilitate the insolvency resolution process and encourage participation in restructuring efforts. It strikes a balance between combating money laundering and promoting efficient resolution of distressed businesses.