https://www.taxtmi.com/highlights?id=93929 The regulator advises insolvency professionals to file applications under the PMLA for restitution of assets attached by enforcement authorities in insolvency matters and prescribes a standard undertaking to accompany such applications. The undertaking bars sale, transfer or use of restituted assets to disqualified persons or those benefiting accused/charge-sheeted parties, requires quarterly reports to the Special Court on asset status, use and disposals, mandates disclosure of attached properties in information memoranda/auction notices, and obliges cooperation with investigators (including provision of PUFE transaction details, creditor committee and successful bidder information). Non-commercial documents must be produced on request; commercially sensitive materials require written acknowledgement of sensitivity. Obligations run until plan approval or dissolution. en-us Thu, 06 Nov 2025 17:47:45 +0530 Thu, 06 Nov 2025 17:47:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93929 The regulator advises insolvency professionals to file applications under the PMLA for restitution of assets attached by enforcement authorities in insolvency matters and prescribes a standard undertaking to accompany such applications. The undertaking bars sale, transfer or use of restituted assets to disqualified persons or those benefiting accused/charge-sheeted parties, requires quarterly reports to the Special Court on asset status, use and disposals, mandates disclosure of attached properties in information memoranda/auction notices, and obliges cooperation with investigators (including provision of PUFE transaction details, creditor committee and successful bidder information). Non-commercial documents must be produced on request; commercially sensitive materials require written acknowledgement of sensitivity. Obligations run until plan approval or dissolution. Highlights IBC Thu, 06 Nov 2025 17:47:45 +0530 https://www.taxtmi.com/highlights?id=93929