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Bankruptcy regulator revises rules to ease unfreezing assets
Mint Chennai
|November 06, 2025
India‘s bankruptcy regulator has stepped in to break a gridlock between insolvency and money-laundering laws that has often stalled revival of companies.
RPs will need to approach courts handling PMLA cases to unfreeze attached assets.
(MINT)
The Insolvency and Bankruptcy Board of India (IBBI) has offered guidance on how administrators of bankrupt firms could go about reviving the company when its assets are attached by the Directorate of Enforcement (ED) for financial crimes.
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