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Tag Archive for "insolvency-resolution-professional-irp" -

CentrikBlogsinsolvency resolution professional (IRP)

Tag: insolvency resolution professional (IRP)

The attachment of assets by the ED under the PMLA Act is not permissible once a company has entered insolvency

Posted by AdminPosted on June 15, 2023July 7, 20230 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Grievance Redressal, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags assets of a company undergoing insolvency proceedings, authorities under the PML Act, completion of the CIRP, Conflict between PMLA and IBC, Insolvency & Bankruptcy Code, insolvency proceedings, insolvency resolution professional (IRP), Prevention of Money Laundering Act, property under PMLA Act

Asset attachment by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) is critical in combating money laundering and criminal activities.

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