NCLAT upholds ED’s PMLA powers over insolvency moratorium

The National Company Law Appellate Tribunal (NCLAT) has said the moratorium available to companies undergoing insolvency proceedings cannot be used to shield assets alleged to be proceeds of crime, while upholding actions taken by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) against Siddhi Vinayak Logistics Ltd.. The appellate tribunal said…

Q&A with Rick Eggleton, SVP of Sales at IDIQ: Consumer Finance Expert Shares Fast Ways to Improve Your Credit Score and Support Debt Relief

Rick Eggleton, SVP at IDIQ The Federal Reserve reported in the first quarter of 2026 that Americans held $13.19 trillion in mortgage debt, $1.25 trillion in credit card debt, $1.69 trillion in auto debt, $1.66 trillion in student debt, $446 billion in HELOC debt, and $562 billion in other debt. For millions of Americans, debt…