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IBC vs PMLA: RPs hope for timely resolution
Business Standard
|November 07, 2025
The latest circular by the insolvency regulator to resolve the longstanding friction between Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA) has provided a clear direction to resolution professionals (RPs) but experts believe that its effectiveness would depend on legislative amendment or judicial pronouncement.
Inthe circulardated November 4, the Insolvency and Bankruptcy Board of India (IBBI) enabled RPsto approachthe special courts handling PMLA cases involving financial crimes. “The restitution of such attached assets can significantly enhance the value of the Corporate Debtor, thereby leading to higher realisation,” the IBBI said.
This story is from the November 07, 2025 edition of Business Standard.
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