ED cracks down on misuse of IBC in Alchemist money laundering case
New Delhi, Feb 5 In a relief to the ED, the National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, holding that the insolvency proceedings were vitiated by fraud, collusion and malicious intent, a statement said on Thursday. The order was pronounced on Wednesday,…

