NCLT have No Jurisdiction to Direct ED to Defreeze Corporate Debtor’s Account Frozen under PMLA: NCLT

The NCLT has ruled that it lacks jurisdiction to direct the ED to defreeze a corporate debtor's account frozen under PMLA. The tribunal clarified its limited powers in matters involving the ED. This decision highlights the distinct roles of the NCLT and the ED. The ruling ensures that the NCLT does not overstep its boundaries. This is regarding money laundering law.