NCLT-Approved Settlement Not Overrides PMLA Attachments or Prosecutions: Bombay HC

63 Moons Technologies Limited Vs Union of India & Ors. (Bombay High Court) The Bombay High Court was seized of an appeal filed under Section 42 of the Prevention of Money Laundering Act, 2002 (PMLA), challenging an order of the Appellate Tribunal under the PMLA. In connection with this appeal, Interim Application No. 4604 of 2025 was taken out by the appellant seeking relief in terms of a settlement scheme sanctioned by the National Company Law Tribunal (NCLT) on 28.11.2025. The applicant sought directions for implementation of the settlement scheme, including the transfer or release of pr...