RojgarSetu RojgarSetu

यह लेख हिंदी में भी उपलब्ध है —

हिंदी में पढ़ें
Government Schemes 21 September 2026 · Event date: 20 September 2026
EN हिं

IICA’s Meet the Legend Programme Explores ‘PMLA–IBC Interface’

IICA’s Meet the Legend Programme Explores ‘PMLA–IBC Interface’
Official visual from the source release · Source: Press Information Bureau

The Indian Institute of Corporate Affairs (IICA) hosted a session under its 'Meet the Legend' programme for the 8th Post Graduate Insolvency Programme (PGIP) cohort. Mr. Balesh Kumar, Hon’ble Member of the Appellate Tribunal, delivered a lecture on the PMLA-IBC interface. The discussion focused on harmonising the Insolvency and Bankruptcy Code, 2016 and the Prevention of Money Laundering Act, 2002.

Why It Matters

This is relevant for competitive exams as it touches upon important Indian legal and financial frameworks such as the PMLA and IBC, which are part of governance and economy syllabi.

UPSCSSCBanking

In Simple Words

The Indian Institute of Corporate Affairs organised a lecture for its 8th PGIP cohort under the 'Meet the Legend' programme. Mr. Balesh Kumar spoke about the connection and challenges between the Prevention of Money Laundering Act and the Insolvency and Bankruptcy Code.

The session covered money laundering stages, hawala transactions, key legal provisions, and judicial precedents. It highlighted the complexities when corporate debtor assets face attachment under the PMLA during insolvency resolution, emphasising a multidisciplinary legal understanding.

Key Points

  • IICA Manesar hosted a session under the 'Meet the Legend' programme for the 8th PGIP cohort.
  • The lecture topic was PMLA–IBC Interface: Emerging Bonhomie.
  • Mr. Balesh Kumar, Hon'ble Member of the Appellate Tribunal (PMLA, FEMA, PBPTA, NDPSA and SAFEMA), delivered the lecture.
  • Mr. Gyaneshwar Kumar Singh is the Director General CEO of IICA.
  • The session highlighted Section 32A of the IBC, 2016.
  • Money laundering stages discussed include Placement, Layering and Integration.
  • PMLA provisions discussed include Sections 3, 4, 5, 8, 44 and 45.
  • The programme connects PGIP participants with eminent members of the judiciary, tribunals, regulators and the corporate ecosystem.

Exam Angle

Organising body
Indian Institute of Corporate Affairs (IICA), Manesar
Lecture speaker
Mr. Balesh Kumar
Target cohort
8th Post Graduate Insolvency Programme (PGIP) cohort
Key legislation discussed
PMLA, 2002 and IBC, 2016

A. Mr. Balesh Kumar, Hon’ble Member, Appellate Tribunal

Source: Press Information Bureau

Related Current Affairs

Coal India Advances Technology-Led Diversification Across Energy, Minerals, Advanced Materials and R&D Coal India Limited (CIL) is expanding its operations beyond traditional coal mining into a technology-driven portfolio covering energy, minerals, advanced materials, and research and development. The business development portfolio rests on five platforms: coal gasification and chemicals, thermal power, renewable energy and storage, critical minerals and advanced materials, and diversified minerals. These initiatives aim to support India's energy security, import substitution, and low-carbon growth. PRESIDENT OF INDIA GRACES THE VALEDICTORY SESSION OF THE INTERNATIONAL CONFERENCE ON ‘THE FUTURE OF ENVIRONMENT AND CLIMATE DYNAMICS’ The President of India, Smt Droupadi Murmu, addressed the valedictory session of the International Conference on 'The Future of Environment and Climate Dynamics' in New Delhi on September 20, 2026. Organized by the National Green Tribunal, the conference focused on addressing complex climate challenges through inclusive policies, traditional knowledge, and community participation. The President emphasized balancing development goals with climate resilience and highlighted initiatives like India's 'Mission LiFE'. Prime Minister congratulates shooter Elavenil Valarivan on winning Silver Medal at the Asian Games Prime Minister Narendra Modi congratulated shooter Elavenil Valarivan for winning the Silver Medal in the Women’s 10m Air Rifle Individual event at the Asian Games. He noted that this achievement marked her second medal of the day, praising Indian shooters for making the nation proud. President of India addresses Valedictory Session of NGT’s International Conference on ‘The Future of Environment and Climate Dynamics’ in New Delhi President Droupadi Murmu addressed the valedictory session of the National Green Tribunal's International Conference on 'The Future of Environment and Climate Dynamics' in New Delhi. Union Minister Shri Manohar Lal noted during the event that India achieved its 50 per cent non-fossil capacity target five years ahead of schedule, with non-fossil sources now accounting for nearly 55 per cent of installed generation capacity. The two-day conference brought together stakeholders from 17 countries, UNEP, and the Asian Development Bank.

Keep Preparing