Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
NCLAT Orders ED to Lift PMLA Attachment on Corporate Debtor’s Asset Citing SRA Protection u/s 32A of IBC
Corporate ComplianceInsolvency & Bankruptcy CodeMoney Laundering (PMLA)
The National Company Law Appellate Tribunal (NCLAT) directed the Enforcement Directorate to lift the attachment of a corporate debtor's assets under the Prevention of Money Laundering Act (PMLA), citing protection under Section 32A of the Insolvency and Bankruptcy Code (IBC). The order safeguards the successful resolution applicant’s rights.
