PCHF has raised a substantial question of law as to whether Section 32A of the Insolvency & Bankruptcy Code, 2016, forbids the subsistence of an FIR and continuation of the resultant criminal proceeding against the resolved corporate debtor (the new management) after successful completion of the corporate insolvency resolution process (CIRP) for offences allegedly committed by the previous management prior to the initiation of the insolvency proceedings.'
