Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]

Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved rules CESTAT
By Kalyani B. Nair - On January 8, 2024 11:04 am - 2 mins read
CIRP Initiation Impact on Appeals - Appeal - CIRP - IRP - Resolution Plan - CESTAT - taxscan

The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the appeal abates once Corporate Insolvency Resolution Process (CIRP) is initiated, Insolvency Resolution Plan (IRP) appointed and resolution plan is approved. During the pendency of the above Appeals, it is brought on record that one M/s Manjushree Travels, Bangalore vide…

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