https://www.taxtmi.com/caselaws?id=375334 The National Company Law Tribunal (NCLT) concluded that properties attached under the Prevention of Money-laundering Act (PMLA) form part of the liquidation estate. The liquidator was directed to utilize remedies under PMLA to release the properties from attachment, emphasizing the need to establish that the properties are not proceeds of crime and that creditors acted in good faith. The application was disposed of, instructing the liquidator to seek relief under PMLA. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 16 Feb 2019 23:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375334 The National Company Law Tribunal (NCLT) concluded that properties attached under the Prevention of Money-laundering Act (PMLA) form part of the liquidation estate. The liquidator was directed to utilize remedies under PMLA to release the properties from attachment, emphasizing the need to establish that the properties are not proceeds of crime and that creditors acted in good faith. The application was disposed of, instructing the liquidator to seek relief under PMLA. Case-Laws Money Laundering Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375334