SARFAESI, RDBA, IBC do not prevail over PMLA, to be enforced in harmony: Delhi HC

SARFAESI, RDBA, IBC do not prevail over PMLA, to be enforced in harmony: Delhi HC

The Delhi High Court has held that banking legislation and the Insolvency and Bankruptcy Code, 2016 (IBC) do not prevail over the Prevention of Money Laundering Act, 2002 (PMLA) when it comes to attachment of properties obtained as “proceeds of crime”.

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