April 27, 2019
Money Laundering Law Prevails over Bankruptcy Act, Insolvency Code: Delhi HC
Source:- news18.com. New Delhi: The 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