The Jammu and Kashmir and Ladakh High Court has recently clarified that appeals before the Special Director (Appeals) in FEMA cases are only maintainable against orders passed by the Adjudicating.
The Delhi High Court would have jurisdiction to hear appeals against orders of the PMLA adjudicating authority and appellate authority, but the petitioner's choice of forum has to be respected.
Centre extends suspension of insolvency initiation under IBC till March 25
December 23, 2020
Calibrated end of suspension may have helped debtors, say experts The Ministry of Corporate Affairs (MCA) has extended by three more months from December 25 to March 25 the suspension of insolvency proceedings initiation against corporates for debt defaults.
A six-month suspension was first introduced on June 5 for debt defaults arising post March 25, 2020, when the Covid-induced lockdown was announced. The suspension was to end on September 25, but was extended up to December 25.
The latest MCA move comes on the heels of Finance Minister Nirmala Sitharaman indicating a few days back, at an industry interaction, that the government had decided to extend IBC suspension till March next year.