IBC is not Holy Ganges to wash off criminality: NCLAT says ED action under PMLA not hit by moratorium
The NCLAT was hearing appeals filed by the liquidator of a company (corporate debtor) against a July 19, 2022 order of the NCLT Ahmedabad. The NCLT had dismissed the liquidator’s applications seeking relief against actions taken by the Enforcement Directorate (ED). The case arose from ED proceedings against the corporate debtor over allegations of bank…

