Facebook Pixel ED, IBBI issue SOP for restitution of attached properties under PMLA | Hindustan Times Bengaluru - newspaper - Les denne historien på Magzter.com

Prøve GULL - Gratis

ED, IBBI issue SOP for restitution of attached properties under PMLA

Hindustan Times Bengaluru

|

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.

- Neeraj Chauhan

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.

FLERE HISTORIER FRA Hindustan Times Bengaluru

Hindustan Times Bengaluru

Dowman makes history as Arsenal strike late, City held by West Ham

Youngest to score in Premier League

time to read

2 mins

March 16, 2026

Hindustan Times Bengaluru

2 killed, 17 injured as storm hits several villages across Odisha

HAILSTORMS, RAIN HIT 4,500 HOUSES IN MEGHALAYA

time to read

1 min

March 16, 2026

Hindustan Times Bengaluru

BEATLES ASHRAM NEAR RISHIKESH SET FOR A FACELIFT

The world-famous Chaurasi Kutiya—or 84 igloo huts—known as the Beatles Ashram near Rishikesh in Pauri Garhwal district, is being revamped into a global hub for yoga, meditation, and music, officials said.

time to read

1 min

March 16, 2026

Hindustan Times Bengaluru

Baramati among 8 assembly seats to go for bypolls

The Election Commission of India (ECI) on Sunday announced bypolls to eight assembly constituencies across five states, including Maharashtra’s Baramati seat, which fell vacant after the death of deputy chief minister Ajit Pawar in a plane crash on January 28.

time to read

1 mins

March 16, 2026

Hindustan Times Bengaluru

7 INDIAN PILGRIMS KILLED IN NEPAL BUS ACCIDENT

A passenger bus carrying Indian pilgrims veered off the road and plunged down a slope in central Nepal, killing seven persons and injuring as many others, police said.

time to read

1 min

March 16, 2026

Hindustan Times Bengaluru

19 Indians among 35 arrested in UAE for posting images of drone, missile attacks

The UAE on Sunday ordered the arrest of 35 individuals, including 19 Indians, for publishing video clips on social media platforms that contained misleading and fabricated content amid regional tensions due to the Israel-US-Iran war.

time to read

1 mins

March 16, 2026

Hindustan Times Bengaluru

Polls that will test INDIA bloc

The upcoming assembly elections will see regional parties battle the BJP for political supremacy

time to read

2 mins

March 16, 2026

Hindustan Times Bengaluru

Wife recalls ordeal of Wangchuk's jail term

No more scary ticking clocks or jail visits but a long free flowing chat and an end of the ordeal, Gitanjali Angmo, the wife of climate activist Sonam Wangchuk, said on Sunday following his release from Jodhpur Jail on Saturday.

time to read

1 min

March 16, 2026

Hindustan Times Bengaluru

KKR: Will the new core help fans forget an ordinary year?

The only multiple winners (3) other than Mumbai Indians and Chennai Super Kings (both 5) in 18 IPL seasons have a task on hand after ending 8th in 2025

time to read

3 mins

March 16, 2026

Hindustan Times Bengaluru

LPG bookings dip; states crack down on hoarders

State governments are undertaking enforcement measures to prevent hoarding and black marketing of petrol, diesel and cooking gas, petroleum ministry said on Sunday, adding that several states such as Andhra Pradesh and Bihar have conducted raids to check hoarding and black marketing of gas cylinders.

time to read

2 mins

March 16, 2026

Listen

Translate

Share

-
+

Change font size