Try GOLD - Free
ED, IBBI issue SOP for restitution of attached properties under PMLA
Hindustan Times Gurugram
|November 06, 2025
The Enforcement Directorate (ED) and the Insolvency and Bankruptcy Board of India (IBBI) have created a mechanism under which resolution professionals will give an undertaking to the courts stating that the assets of companies undergoing insolvency proceedings attached under the prevention of money laundering act (PMLA) can only be used for the benefit of creditors, such as banks and homebuyers, and shall not flow back to the promoters or other accused persons, the investigative agency said on Wednesday.
A circular in this regard was issued by the IBBI on Tuesday, setting a standard operating procedure (SOP) to enable the restoration of assets to the victims.
This story is from the November 06, 2025 edition of Hindustan Times Gurugram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Gurugram
Hindustan Times Gurugram
K’taka introduces bill to curb hate crimes
The Karnataka government on Wednesday introduced a bill in the legislative assembly aimed at curbing crimes committed “in the name of honour” and safeguarding individuals’ right to choose their partners, proposing stringent penalties and new institutional mechanisms for prevention and redress.
1 min
March 19, 2026
Hindustan Times Gurugram
Unplanned growth worsening city life
{ JANAAGRAHA REPORT } POOR LIVED EXPERIENCES FOR CITIZENS
2 mins
March 19, 2026
Hindustan Times Gurugram
AIRLINES RESUME FLIGHTS TO DUBAI AFTER CURBS END
Indian airlines on Wednesday began resuming services to Dubai, after the city’s authorities lifted a bar on foreign carriers landing at the international airport, services at which have been hobbled since a drone strike on Monday.
1 min
March 19, 2026
Hindustan Times Gurugram
Man shot dead near gym in Chandigarh Sec 9
A 3l-year-old property dealer was shot dead by two unidentified assailants outside a gym in Chandigarh’s upscale Sector 9 market on Wednesday, police said, with gangster Lucky Patial claiming responsibility for theattack.
1 mins
March 19, 2026
Hindustan Times Gurugram
Trai to start work on connected car spectrum
Fog ahead?
2 mins
March 19, 2026
Hindustan Times Gurugram
HC asks SpiceJet to deposit ₹144 cr to Maran
The Delhi high court on Wednesday directed budget airline SpiceJet to deposit ₹144.5 crore within four weeks to Kalanithi Maran and KAL Airways Pvt Ltd in their ongoing arbitration dispute, while rejecting the airline's plea to substitute the amount with an immovable property in Gurgaon.
1 min
March 19, 2026
Hindustan Times Gurugram
Airlines must offer 60% seats without extra fees
Airlines must allocate 60% of seats on a flight without additional selection charges while ensuring that passengers on the same booking are grouped together, the civil aviation ministry said on Wednesday in a stack of directions aimed at bulking up passenger rights and curbing arbitrary carrier practices.
2 mins
March 19, 2026
Hindustan Times Gurugram
Kishan to lead SRH in early part of IPL
Sunrisers Hyderabad appointed India wicketkeep-er-batter Ishan Kishan as interim captain for the early part of IPL, with Abhishek Sharma as his deputy, while Pat Cummins recovers from his injury.
1 min
March 19, 2026
Hindustan Times Gurugram
Palam fire: 1st ladder too short, 2nd came too late
As the fire inched closer and smoke enveloped them, at least six members of a family who were killed in a fire at four-storey building in Palam Colony, southwest Delhi, spent an agonising 90 minutes pleading for rescue from the third floor, before collapsing.
4 mins
March 19, 2026
Hindustan Times Gurugram
SC TELLS COURTS TO NOTIFY CONVICTS BEFORE APPOINTING AN AMICUS CURIAE
The Supreme Court has called on appellate courts across the country to ensure that convicts are duly notified at their registered addresses before appointing an amicus curiae (lawyer to assist court) to argue their appeals, cautioning that failure to do so risks undermining the fairness of criminal proceedings.
1 min
March 19, 2026
Listen
Translate
Change font size