https://www.taxtmi.com/news?id=32006 Restitution under the Prevention of Money Laundering Act was authorised after creditor banks, through an appointed liquidator under the Insolvency and Bankruptcy Code, applied to a special PMLA court; the Enforcement Directorate consented under Section 8(8) PMLA to restore attached properties to the liquidator following allegations that promoters obtained loans by fraudulent documents and laundered proceeds into assets held by relatives and related entities. en-us Thu, 30 Jan 2025 18:16:08 +0530 Thu, 30 Jan 2025 18:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32006 Restitution under the Prevention of Money Laundering Act was authorised after creditor banks, through an appointed liquidator under the Insolvency and Bankruptcy Code, applied to a special PMLA court; the Enforcement Directorate consented under Section 8(8) PMLA to restore attached properties to the liquidator following allegations that promoters obtained loans by fraudulent documents and laundered proceeds into assets held by relatives and related entities. News - Thu, 30 Jan 2025 18:16:08 +0530 https://www.taxtmi.com/news?id=32006