Why NCLAT held IBC moratorium Does Not Protect PMLA-Attached Assets

Explained 11 min ago This is an AI assisted summary. NCLAT rules that insolvency proceedings cannot protect assets linked to money laundering, stating that IBC was not meant to absolve criminal activity. Case involved Siddhi Vinayak Logistics Ltd, under investigation for bank fraud and diversion of funds. Tribunal rules IBC moratorium does not apply to assets seized under PMLA. Swipe up for next shorts 2 / 50 Apple testing 4 new iPad Pro models, redesigned MacBook Pro: Report Technology 27 min ago This is an AI assisted summary. Apple is preparing for a major update of its premium devices, including…