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The story so far: The National Company Law Appellate Tribunal (NCLAT) has held that the Insolvency and Bankruptcy Code (IBC) moratorium cannot shield assets alleged to be “proceeds of crime” from attachment under Prevention of Money Laundering Act (PMLA). The ruling came in a case involving Siddhi Vinayak Logistics Ltd., where the Enforcement Directorate (ED) had attached assets despite the company entering insolvency proceedings. “Parliament did not legislate IBC with an intent to create a holy Ganges out of the IBC to wash the corporate debtor of its sin of…