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PMLA vs IBC: Asset Attachment Ruling by info9christuniversity is a document available to read on EtoBox.

What is PMLA vs IBC: Asset Attachment Ruling about?

1) The Delhi High Court ruled that under Section 32A of the IBC, the Enforcement Directorate cannot attach assets of a corporate debtor once the liquidation process has begun under the IBC. 2) Section 32A provides immunity for offences committed prior to insolvency proceedings, once a resolution plan is approved or liquidation assets are sold, in order to encourage new management and resolution applicants. 3) While the PMLA allows attachment of assets involved in money laundering, the Court found that S

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info9christuniversity

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EN