Delhi High Court ordered that Tata Steel BSL Limited cannot be prosecuted & is liable to be discharged u/s 32A of the IBC but the order will not affect the prosecution of the erstwhile promoters or any of the officers who may be directly responsible for committing the offences in relation to the affairs of Bhushan Steel Limited- Tata Steel BSL Limited & Anr Vs. Union of India & Anr.-Delhi High Court