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Circular resolving IBC-PMLA clashes soon: IBBI chairman
October 02, 2025
|Business Standard
The problems related to interface between Insolvency and Bankruptcy Code (IBC) and Prevention of Money Laundering Act (PMLA) have been resolved and a circular detailing the manner of handling such issues is expected to be issued within a month, the Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital said on Wednesday.
Speaking at the ninth annual day celebrations of the insolvency regulator Mital said, “We have had discussions with the Enforcement Directorate (ED) and we have arrived at a solution that would be good and maintain the sanctity of both the laws.”
IBC and PMLA have often clashed with each other in cases where the assets of an entity undergoing insolvency have been attached by the ED for money laundering activities.
هذه القصة من طبعة October 02, 2025 من Business Standard.
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