Essayer OR - Gratuit
Centre eyes fix where fraud probes clash with insolvency
Mint Hyderabad
|October 02, 2025
The government is keen to iron out the conflicts between the two statutes—PMLA and IBC
The conflict between PMLA asset attachments and IBC resolution proceedings stems from both statutes containing powerful non-obstante clause.
(MINT)
The government is set to decide how two overlapping laws can work harmoniously so that homebuyers aren’t adversely affected when a real estate developer slips into bankruptcy and also faces regulatory action for financial crimes, two people familiar with the development said.
The ministry of corporate affairs, the Insolvency and Bankruptcy Board of India (IBBI), and the Directorate of Enforcement (ED) have held several meetings on aligning the two laws—the Prevention of Money Laundering Act (PMLA) and the Insolvency and Bankruptcy Code (IBC)—and now the government has to take a view on the matter, one person said.
Cette histoire est tirée de l'édition October 02, 2025 de Mint Hyderabad.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Hyderabad
Mint Hyderabad
Can Mamdani's NYC win influence US capitalism?
An openly socialist candidate was elected New York's mayor in a deeply capitalist country. If his welfare agenda is fiscally sound, it could change his party—and maybe America too
2 mins
November 06, 2025
Mint Hyderabad
India's largest e-bus tender deferred a third time as cos seek extension
The government has deferred the deadline to submit tenders under the electric bus incentive scheme for the third time as companies sought an extension, citing the festive season, according to an official in the know.
2 mins
November 06, 2025
Mint Hyderabad
Google, Epic resolve 5-year app store fight
Firms tell judge they want to modify earlier order imposed on Google
2 mins
November 06, 2025
Mint Hyderabad
IndiGo preps for long haul even as rupee decline drags Q2
Interglobe Aviation Ltd’s (IndiGo) September quarter (Q2FY26) revenue grew 9% year-on-year, aided by optimized capacity addition, more passengers, and a better yield (a pricing metric).
1 mins
November 06, 2025
Mint Hyderabad
NY plant fire to hit cash flow: Novelis
Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by $550-650 million due to fire incident at its plant in New York in September.
1 min
November 06, 2025
Mint Hyderabad
How China’s chokehold on drugs, chips and more threatens the U.S.
Not just rare earths. Three products show how Beijing’s supply-chain control can impose pain on trading partners
4 mins
November 06, 2025
Mint Hyderabad
Sun Pharma beats Street; Q2 net profit rises 2.6%
Sun Pharmaceutical Industries on Wednesday beat Street estimates for the September quarter with a consolidated net profit of %3,117.95 crore, up 2.6% from 3,040.16 crore reported inthe year-ago period. India's largest drugmaker by sales said its revenue from operations rose 8.6% year-on-year (y-0-y) to %14,405.2 crore.
1 min
November 06, 2025
Mint Hyderabad
Why Airtel Arpu is ahead of Jio's
Bharti Airtel Ltd has delivered an impressive sequential gain of 2.4% in average revenue per user (Arpu) for the September quarter (Q2FY26), rising to ₹256. Its rival Reliance Jio posted a modest 1.2% growth to ₹211.4.
2 mins
November 06, 2025
Mint Hyderabad
Tesla to investors: Pay Musk or else
Tesla’s board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history.
1 min
November 06, 2025
Mint Hyderabad
Diageo's India arm to review investment in RCB team owner
Diageo’s India arm will begin a strategic review of its investment in a unit which owns the Indian Premier League cricket team ‘Royal Challengers Bengaluru’ (RCB), the spirits maker said on Wednesday as it focuses on its core alcohol business.
1 min
November 06, 2025
Listen
Translate
Change font size