Webb11 apr. 2024 · There is no conflict between Prevention of Money Laundering Act (PMLA) and Insolvency and Bankruptcy Code (IBC), and even if property of a corporate debtor has been attached under the PMLA, if the corporate insolvency resolution process (CIRP) has initiated, the property should become available to fulfil objects of IBC till a resolution … Webb3 mars 2024 · Section 31 of the Insolvency and Bankruptcy Code, 2016 (" IBC ") provides that once the Adjudicating Authority (as defined in the IBC) approves a resolution plan, it shall be binding on the corporate debtor, its employees, members, creditors including Central/State Government and any local authority to whom a debt arising under any law …
Conflict between Prevention of Money Laundering Act, 2002 and ...
Webb1 mars 2024 · Section 31 of the Insolvency and Bankruptcy Code, 2016 (“ IBC ”) provides that once the Adjudicating Authority (as defined in the IBC) approves a resolution plan, it shall be binding on the corporate debtor, its employees, members, creditors including Central/State Government and any local authority to whom a debt arising under any law … WebbPMLA v. IBC Conundrum: Is It Really Settled? The Insolvency & Bankruptcy Code, 2016 functions as an exception to all the commercial laws in India. The non-obstante clause of the Code is still open to a lot of interpretation & litigation. jms trucking cedar rapids
IBC Laws - Non-Compliance of Section 33(5) of the Insolvency and ...
Webb20 jan. 2024 · The list of projects undertaken during the internship: 1.Researched in 'proceeds of crime' for JSW Steel case from various … Webbfcs,acma(cima-uk),cgma, llb,mba,pgpf, certified csr ; company secretary/insolvency law expert/adr-arbitration/corporate finance expert 6d Webb15 dec. 2024 · ii. Further, the Respondent contends that the PMLA is a Special Act and has overriding effects in terms of section 71 of the PMLA. The main objectives of IBC and PMLA are different from each other. # 6. The Applicant has filed its written submission vide Diary No. 3059/2024 dated 17.10.2024 reiterating the same as mentioned in the … instinct theory of motivation example