https://www.taxtmi.com/caselaws?id=465709 SC determined the extent to which provisional attachment under the PMLA could survive approval of a corporate insolvency resolution plan. Applying s.32A IBC, it held that the resolution applicant obtains protection from enforcement actions against the corporate debtor's property only if the applicant is unconnected with the former management and is not a beneficiary of proceeds of crime; if ongoing investigation later undermines this foundation, the enforcement agency may proceed in accordance with law, including questioning the plan. SC further held that amounts paid by remaining homebuyers, if traced to proceeds of crime, may be proceeded against individually under the PMLA. Consequently, the enforcement agency's challenge to NCLT approval stood closed and it had no right or lien over attached properties/units, save specified flats. en-us Fri, 10 Oct 2025 00:00:00 +0530 Tue, 06 Jan 2026 22:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465709 SC determined the extent to which provisional attachment under the PMLA could survive approval of a corporate insolvency resolution plan. Applying s.32A IBC, it held that the resolution applicant obtains protection from enforcement actions against the corporate debtor's property only if the applicant is unconnected with the former management and is not a beneficiary of proceeds of crime; if ongoing investigation later undermines this foundation, the enforcement agency may proceed in accordance with law, including questioning the plan. SC further held that amounts paid by remaining homebuyers, if traced to proceeds of crime, may be proceeded against individually under the PMLA. Consequently, the enforcement agency's challenge to NCLT approval stood closed and it had no right or lien over attached properties/units, save specified flats. Case-Laws Money Laundering Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465709