Special court discharges DHFL in money-laundering case, upholds IBC immunity for corporate debtor
A special Prevention of Money Laundering Act (PMLA) court in Mumbai has discharged Dewan Housing Finance Corp Ltd (DHFL) from a money-laundering case involving about INR 5,050 crore, holding that the company is entitled to immunity under the Insolvency and Bankruptcy Code (IBC) after completion of its resolution process. The court observed that DHFL, as…

