Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
States fix where fraud clash with insolvency
Mint New Delhi
|October 02, 2025
The conflicts between the two statutes—PMLA and IBC
-
The conflict between the two statutes associated with litigations under criminal law, the Prevention of Money-Laundering Act (PMLA), to recover tainted assets and restores rightful owners.
PMLA asset attachments and IBC resolution proceedings stems from both statutes containing powerful non-obstante clause.
The interplay of the two laws has been at the centre of several disputes, given that both the statutes—the PMLA enacted in 2002 and the IBC in 2016—assert their primacy with the clause “notwithstanding anything to the contrary contained” in any other law, explained the second person, who also spoke on condition of not being identified.
Dit verhaal komt uit de October 02, 2025-editie van Mint New Delhi.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint New Delhi
Mint New Delhi
Centre eyes fix where fraud probes clash with insolvency
The government is keen to iron out the conflicts between the two statutes—PMLA and IBC
2 mins
October 02, 2025
Mint New Delhi
US trade pact close, comprehensive deal to sidestep patents
As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.
1 min
October 02, 2025
Mint New Delhi
Centre, states mop up ₹1.89 tn GST in Sep
Central and state governments collected ₹1.89 trillion in goods and services tax (GST) before refunds in September, a robust 9.1% improvement over the year-ago period, official data showed on Wednesday.
1 min
October 02, 2025
Mint New Delhi
Nelco crosses first step to satcom reselling licence
Tata Group-owned Nelco Ltd has received the government’s preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon’s Kuiper and Jio Satellite, according to three people in the know.
1 min
October 02, 2025
Mint New Delhi
Central bank seen keeping its options open on Tata Sons IPO
A day after the Reserve Bank of India’s deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra’s comment leaving the matter open to interpretation.
1 mins
October 02, 2025
Mint New Delhi
Gaza deal: Viable?
America’s leadership is full of surprises, and for a change, US President Donald Trump's Gaza peace plan is a pleasant one.
1 min
October 02, 2025
Mint New Delhi
PSUs embrace mediation
Public sector undertakings (PSUs) are beginning to insert mediation clauses in their contracts, in a shift away from their usual reliance on arbitration, as they look for quicker, less expensive, and more amicable ways to resolve their commercial disputes, two people aware of the development said.
1 min
October 02, 2025
Mint New Delhi
Festive cheer: Govt hikes DA, crop prices in ₹1.2 trillion push
The government on Wednesday approved a hike in dearness allowance for its employees, increased the minimum support price (MSP) for key crops, and okayed a mission to boost pulses output in the country, in decisions that will cost the Centre ₹1.2 trillion.
1 mins
October 02, 2025
Mint New Delhi
No rate cut, but RBI steps up to lift credit, buoy biz
Hint of December rate cut after two pauses; multiple measures to ease credit flow
2 mins
October 02, 2025
Mint New Delhi
Festive cheer: Govt hikes DA, crop prices in ₹1.2 trillion push
The government on Wednesday approved a hike in dearness allowance for its employees, increased the minimum support price (MSP) for key crops, and okayed a mission to boost pulses output in the country, in decisions that will cost the Centre ₹1.2 trillion.
1 mins
October 02, 2025
Listen
Translate
Change font size