While the BPSL-JSW is already forming into a landmark precedent in the IBC landscape, it risks creating a precedent, which undermines the revival aspect of IBC and has the possibility of deterring future CIRP proceedings.

The NCLT’s decision reaffirms the principle that a clear distinction must be maintained between the provision of IBC and PMLA.

The article explores the changes notified by the Central Government to the Prevention of Money Laundering Act 2002.

This article seeks to critically analyze the latest amendments to PMLA 2002.

The author examines the constant tussle between PMLA and IBC.