IBBI

The Insolvency and Bankruptcy Board of India (IBBI) and the Enforcement Directorate (ED) have clarified operational procedures to streamline interactions between the Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA). The resolution addresses previous ambiguities regarding asset attachment, investigation overlaps, and compliance requirements for entities undergoing insolvency proceedings while being subject to financial crime probes.

In a significant development for India's financial regulatory ecosystem, Anju Rathi Rana has been appointed as a Whole-Time Member of the Insolvency and Bankruptcy Board of India (IBBI). Her appointment, approved by the central government, underscores efforts to strengthen the governance framework of India’s insolvency regime. With extensive experience across finance, law, and public administration, Rana brings valuable expertise to the board at a time when the IBBI continues to play a pivotal role in corporate debt resolution and institutional accountability.