April 27, 2019
Money Laundering Law Prevails over Bankruptcy Act, Insolvency Code: Delhi HC
Source:-┬аnews18.com. New Delhi:┬аThe Delhi High Court has held that the money laundering law, PMLA, prevails over the Bankruptcy Act and insolvency code when it comes to attachment of properties obtained as “proceeds of crime”. The court said the Prevention of Money Laundering Act (PMLA), Recovery of Debt and Bankruptcy Act (RDBA), Securitisation and Reconstruction of