PMLA would
be stayed by virtue of Section 14 of the IBC has already
been considered by the Appellate Tribunal under the PMLA
Act ... Tribunal is of the
considered view that the attachment order under PMLA Act
is a nullity and non-est in law and hence it will
context
of ' Prevention of Money Laundering Act, 2002 ' ("PMLA" in short) where similar
provisions as in MPID Act are there with ... Thus, although Section 14 of the MPID Act (which is an Act earlier to
IBC) has effect notwithstanding anything inconsistent with any other
Provisional Liquidator' who has been acting against 'Devas Interest'
was confirmed as the 'Official Liquidator'.
35. The Mauritian shareholders ... without any legal or factual basis and the
purported 'FEMA and PMLA proceedings' were instances, in this regard.
Comp
Appeal No. 143 of 2018) has held that:-
"Object of PMLA being distinct from the purpose of the RDDA, SARFAESI
and the Code ... over the former"
8. It appears to us that provisions of Act of 2013 do prevail over the provision of
the code and therefore
