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The ED said it has taken proactive steps to support successful resolutions. (ED)

Nov 05, 04:08 PM IST 3 min read

The Enforcement Directorate (ED) and Insolvency and Bankruptcy Board of India (IBBI) have established a mechanism allowing resolution professionals to assure courts that assets of insolvent companies, attached under the Prevention of Money Laundering Act, will benefit creditors only. This initiative aims to expedite insolvency processes and enhance recovery for creditors while preventing benefits to promoters or accused parties.

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