Indian courts grapple with anti‑money‑laundering and insolvency law clash, plus major 2026 Supreme Court rulings
A recent Delhi High Court decision clarified that the Prevention of Money‑Laundering Act (PMLA) and the Insolvency and Bankruptcy Code (IBC) operate in separate domains, meaning a criminal attachment under PMLA is not barred by the IBC’s commercial moratorium. The judgment highlighted how a single property can be pursued simultaneously under multiple statutes, including the Benami Act, Income‑Tax Act, SARFAESI Act, and the IBC, raising complex questions about priority and enforcement.
In the same period, the Supreme Court of India released a series of landmark judgments covering a wide range of issues. Notable decisions included the enforceability of arbitral awards issued after an arbitrator’s mandate expires, limits on re‑issuing CGST provisional attachment orders, standards for fire‑insurance claim repudiation, and policy directives on honorarium enhancements for part‑time school teachers. These rulings collectively shape corporate, tax, insurance and education law across the country.