When Does Section 32A IBC Override PMLA Asset Attachment Proceedings?
Does the IBC offer a ‘clean slate’ immunity that prevents the Enforcement Directorate from attaching or seizing a company’s assets under the PMLA, once the business has been transferred to a new owner through an NCLT-approved resolution plan? This fundamental conflict between the commercial imperative of corporate revival and the state’s mandate to seize proceeds of crime was definitively addressed […]
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