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of <h1>Regulator directs insolvency professionals to seek restitution of attached corporate assets with undertaking restricting use and requiring reporting</h1> A regulator advises insolvency professionals to seek restitution of corporate debtor assets attached by an investigating agency under anti-money-laundering law by filing applications in the Special Court and to submit a prescribed undertaking with such applications. The undertaking bars sale or use of restituted assets to persons linked to the alleged offence or disqualified promoters, requires quarterly reporting on asset status, usage, monetisation and beneficiaries until approval of a resolution plan or dissolution, mandates disclosure in information memoranda/auction notices, obliges cooperation with the investigating agency (including sharing PUFE transaction details and creditor and bidder information), and requires document production subject to protection for commercially sensitive materials. The obligations run until plan approval or dissolution.
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