Searched for
PMLA OVERRIDES IBC
Insolvency law cannot override PMLA, says NCLAT; upholds asset attachment by EDThe NCLAT ruled that the IBC cannot override the PMLA. ED-attached assets of Dunar Foods cannot be released for resolution. The appellate t...- Supreme Court to decide if PMLA overrides IBCTaking up an appeal filed in the matter of Ashok Kumar Sarawgi versus the ED, the apex court issued notices on November 11 to all parties a...
- Former Bhushan Power MD challenges JSW Steel deal in SCSingal has filed a special leave petition before the top court contenting that the National Company Law Appellate Tribunal (NCLAT) has erro...
- Govt plans to shield IBC cos from PMLA action against promotersFM Nirmala Sitharaman indicated that a system may be worked out under which action related to the PMLA against the promoter doesn’t impact ...
- ED, I-T department, CBI can attach assets mortgaged to banks: Delhi High CourtThe court held that probe agencies such as ED, I-T department, CBI and SFIO can attach properties even if these are mortgaged to banks.
- Money laundering law prevails over Bankruptcy Act, insolvency code: Delhi High CourtThe court also said that by virtue of Section 71, the PMLA has the overriding effect over other existing laws in the matter of dealing with...
- Law Ministry okays draft bill on fugitive economic offendersThe proposed law seeks to deter economic offenders from evading the process of Indian law by fleeing the country and is applicable for offe...
Load More