IBC Insights February 2025 – Monthly Newsletter for Insolvency Matters
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Read More ››The Supreme Court, in Pankaj Bansal v Union of India1, held that it is obligatory for the Enforcement Directorate to provide the grounds of arrest in writing to a person arrested under the Prevention of Money Laundering Act. The Court further in Ram Kishor Arora v. Directorate of Enforcement (ED)2 clarified that while the written grounds need not be furnished […]
Read More ››Introduction The Prevention of Money Laundering Act, 2002 (PMLA) is the primary legislation in India dealing with the offence of money laundering. Stringent provisions have been incorporated under the PMLA to deal with offenders possessing proceeds of crime. Furthermore, the PMLA also provides for the restoration of tainted property to an innocent purchaser or a legitimate interest holder by severing […]
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