NCLAT upholds ED’s PMLA powers over insolvency moratorium
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency cannot be used to shield assets alleged to be proceeds of crime, while upholding actions taken by the ED under the PMLA against Siddhi Vinayak Logistics Ltd. The appellate tribunal said if there has been any attachment…

