The Moratorium Stops Creditors Not the ED: NCLAT Draws the IBC-PMLA Line in Value Wise Consultancy
India’s corporate restructuring jurisprudence has increasingly been shaped by the interaction between two powerful statutory regimes. The Insolvency and Bankruptcy Code, 2016 (IBC) seeks to rescue distressed companies, preserve enterprise value and maximise recoveries through a collective insolvency process. The Prevention of Money Laundering Act, 2002 (PMLA), by contrast, empowers the State to trace, attach and confiscate property alleged to […]
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