Which of the following statements is/are correct with reference to the Section 32 A of the Insolvency and Bankruptcy Code (IBC)?

Answer & Explanation

Option: Both A & B

Explanation:

The Supreme Court held that the successful bidders for a corporate debtor under the IBC would be immune from any investigations being conducted either by any investigating agencies such as the Enforcement Directorate (ED) or other statutory bodies such as SEBI. The protection to successful bidders and the assets of a corporate debtor are provided by the rules under Section 32A of the IBC.