IBBI In Consultation With ED Issues Standard Undertaking By IPs For Restitution Of Attached Properties Under PMLA
| Published date | 05 December 2025 |
| Subject Matter | Insolvency/Bankruptcy/Re-Structuring, Insolvency/Bankruptcy |
| Law Firm | Sagus Legal |
| Author | Sagus Legal LLP |
The Insolvency and Bankruptcy Board of India ("IBBI"), through circular no. IBBI/CIRP/87/2025 dated 04.11.2025, has issued a standard undertaking format for Insolvency Professionals ("IPs") to be submitted before Special Courts under the Prevention of Money Laundering Act, 2002 ("PMLA").
The circular is issued in view of the observations on assets of corporate debtors undergoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 ("IBC") that are frequently attached by the Enforcement...
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