Insolvency Resolution & The Clean Slate Doctrine: Protecting Strategic Acquirers under IBC 2016
Published:
August 18, 2026
6 min read
An analysis of Section 32A immunities, past operational liability extinguishment, and recent judicial interpretations by the NCLAT and Supreme Court.
The Supreme Court's reaffirmation of the 'Clean Slate' principle in insolvency resolution plans has cemented deal security for successful resolution applicants (SRAs). By shielding newly acquired corporate debtors from historic offences and legacy tax claims, the statutory framework ensures distressed asset turnaround without retrospective liability burdens.
Rohan Merchant
Partner, Banking & Project Finance • Mumbai
Rohan Merchant specializes in banking, syndicated debt facilities, structured project finance, and debt restructuring. He has advised premie...