Proceedings under PMLA while CIRP is in process - Provisional ...

Insolvency and Bankruptcy

February 15, 2022

Proceedings under PMLA while CIRP is in process - Provisional Attachment of the Properties - In fact, ‘The Prevention of Money Laundering Act, 2002’ is to fulfill our Country’s obligation in adhering to the United Nations Resolutions and in regard to Assets/Properties being the ‘Proceeds of Crime’, it takes a ‘primacy and precedence’ over the ‘Insolvency and Bankruptcy Code, 2016’ which promotes “Resolution’ as its objective over Liquidation in the considered opinion of this ‘Tribunal’. - AT

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Proceedings under PMLA while CIRP is in process - Provisional ...

Insolvency and Bankruptcy

February 15, 2022

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