Attachment under Prevention of Money Laundering Act is outside the scope of moratorium under Insolvency and Bankruptcy Code

Rajiv Chakraborty Resolution Professional of Eiel Vs Directorate of Enforcement (Delhi High Court)

Delhi High Court held that attachment under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) does not result in the effacement of rights in property, it would clearly stand and survive outside the scope of a moratorium that comes into effect in terms of section 14 of Insolvency and Bankruptcy Code, 2006.

Facts-

This wri

Please become a Premium member. If you are already a Premium member, login here to access the full content.