The appellate tribunal held that if there is any attachment by ED under the PMLA, which is “validly made and confirmed, it cannot be undone under IBC (Insolvency and Bankruptcy Code). PTI Last Updated : 06 July 2025, 07:46 IST ADVERTISEMENT Follow Us : Comments Read the original article here
New Delhi, Jul 6 (PTI) Insolvency & Bankruptcy Code cannot override the Prevention of Money Laundering Act (PMLA), said appellate tribunal NCLAT, adding assets of an debt-ridden firm once attached by the Directorate of Enforcement (ED) and confirmed by competent authority cannot be released for its resolution. Under section 14 of IBC, a moratorium is…
Viability Of Corporate Debtor Can’t Be Considered While Deciding Petition U/S 7 Of IBC Once Debt &… Live Law Read the original article here
We use some essential cookies to make this website work. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. We also use cookies set by other sites to help us deliver content from their services. Read the original article here
A Running List of Fashion & Retail Bankruptcy Filings The Fashion Law Read the original article here
JAL insolvency: Lenders reject Jaypee Infratech’s request to accept its bid to acquire bankrupt firm MSN Read the original article here
Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech‘s request to accept its resolution plan to acquire the bankrupt diversified company. Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
The recent amendments by the Insolvency and Bankruptcy Board of India (IBBI) – the Fourth Amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2025 (CIRP Regulations) and the The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025 (IP Guidelines) – have introduced some major…
Reliance Communications (RCom), once a formidable force in India’s booming telecommunications industry, had a rapid ascent and a spectacular decline. In the latest development about the beleaguered company, State Bank of India has decided to mark Reliance Communications’ loan account as “fraud” and report the name of Anil Dhirajlal Ambani (erstwhile director of the company)…