Section 32A of IBC restrict action against property of corporate debtor for offence committed prior to CIRP

Milan Textile Enterprises Pvt. Ltd. Vs Initiating Officer (Madras High Court) Madras High Court held that in terms of provisions of section 32A of the Insolvency and Bankruptcy Code 2016 no action shall be taken against the property of the corporate debtor in relation to an offence committed prior to the commencement of the CIRP. Facts- Milan Textile Enterprises Private Limited purchased the petition-mentioned property vide sale deed dated 26.08.2004 registered on the file of Sub Registrar, Thallakulam. The Deputy Commissioner of Income Tax (Benami Prohibition), Chennai formed the opinion tha...