https://www.taxtmi.com/highlights?id=61947 Proceedings under PMLA while CIRP is in process - Provisional Attachment of the Properties - In fact, ‘The Prevention of Money Laundering Act, 2002’ is to fulfill our Country’s obligation in adhering to the United Nations Resolutions and in regard to Assets/Properties being the ‘Proceeds of Crime’, it takes a ‘primacy and precedence’ over the ‘Insolvency and Bankruptcy Code, 2016’ which promotes “Resolution’ as its objective over Liquidation in the considered opinion of this ‘Tribunal’. - AT en-us Tue, 15 Feb 2022 16:57:59 +0530 Tue, 15 Feb 2022 16:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61947 Proceedings under PMLA while CIRP is in process - Provisional Attachment of the Properties - In fact, ‘The Prevention of Money Laundering Act, 2002’ is to fulfill our Country’s obligation in adhering to the United Nations Resolutions and in regard to Assets/Properties being the ‘Proceeds of Crime’, it takes a ‘primacy and precedence’ over the ‘Insolvency and Bankruptcy Code, 2016’ which promotes “Resolution’ as its objective over Liquidation in the considered opinion of this ‘Tribunal’. - AT Highlights Insolvency and Bankruptcy Tue, 15 Feb 2022 16:57:59 +0530 https://www.taxtmi.com/highlights?id=61947