Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
The dominant issue was whether an appeal against rejection of a belatedly filed claim could yield any effective relief after approval of a resolution plan. The tribunal held that the claim was lodged beyond the prescribed submission date, was never admitted in the CIRP, and therefore did not form part of the approved resolution plan. Applying the principle that, upon plan approval, claims not included stand extinguished, and relying on precedent treating such post-approval challenges as infructuous, it concluded that no substantive relief could be granted. The appeal was dismissed as infructuous. - NCLAT
The dominant issue was whether an appeal against rejection of a belatedly filed claim could yield any effective relief after approval of a resolution plan. The tribunal held that the claim was lodged beyond the prescribed submission date, was never admitted in the CIRP, and therefore did not form part of the approved resolution plan. Applying the principle that, upon plan approval, claims not included stand extinguished, and relying on precedent treating such post-approval challenges as infructuous, it concluded that no substantive relief could be granted. The appeal was dismissed as infructuous. - NCLAT
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