CCI can now hire agencies to monitor compliances, tweaks condentiality regime

The Prevention of Money Laundering Act (PMLA), enacted in 2002, stands as India’s bulwark against the insidious crime of money laundering, empowering authorities to seize ill-gotten gains. Yet, its stringent nature has often stirred legal storms, a prominent one being the Vijay Madanlal Choudhary v. Union of India judgment of July 27, 20221. This ruling, seen as the bedrock of […]

The recent pronouncement by the Supreme Court in Kalyani Transco v. M/S Bhushan Power and Steel Ltd & Ors.1 serves as a stark reminder of the sanctity of the Insolvency and Bankruptcy Code, 2016 (IBC), and the perils of procedural laxity and opportunistic manoeuvring. The apex court not only disapproved of the National Company Law Appellate Tribunal’s (NCLAT) judicial review […]

Introduction In 2023, a financial creditor of Compuage Infocom Limited (CIL) initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT), Mumbai. The CIRP was admitted by the NCLT, and RP was appointed. CIL had assets and monies in Singapore, and consequently, the RP sought the […]