https://www.taxtmi.com/caselaws?id=292265 The Tribunal held that the Provisional Attachment Order under PMLA was valid and unaffected by the moratorium under Section 14 of IBC. It determined that proceedings under PMLA concerning 'proceeds of crime' operate independently of IBC. The Tribunal also found that Section 32A of IBC did not apply as no resolution plan was approved when the attachment was issued. Therefore, the application to remove the Provisional Attachment Order was dismissed. en-us Wed, 06 May 2020 00:00:00 +0530 Tue, 15 Dec 2020 19:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292265 The Tribunal held that the Provisional Attachment Order under PMLA was valid and unaffected by the moratorium under Section 14 of IBC. It determined that proceedings under PMLA concerning 'proceeds of crime' operate independently of IBC. The Tribunal also found that Section 32A of IBC did not apply as no resolution plan was approved when the attachment was issued. Therefore, the application to remove the Provisional Attachment Order was dismissed. Case-Laws Insolvency and Bankruptcy Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292265