Imported cement concessional duty exemption under Notification 4/2006 challenged over RSP misdeclaration; demand, interest and s.114A penalty set asid...
Body-worn camera recordings for Customs baggage checks: new SOP mandates full passenger-interaction capture, secure storage, privacy safeguards, stric...
The Appellate Tribunal held that an approved resolution plan, restored and implemented prior to the impugned order, carries binding effect and precludes inconsistent adverse action; accordingly claims not incorporated in the sanctioned plan are extinguished to the extent the plan governs creditor treatment. The tribunal relied on a prior higher-court precedent restoring plan approval and concluded the impugned administrative order could not stand; the impugned order was set aside and the appellant company's appeal allowed, with pending applications disposed of accordingly.
The Appellate Tribunal held that an approved resolution plan, restored and implemented prior to the impugned order, carries binding effect and precludes inconsistent adverse action; accordingly claims not incorporated in the sanctioned plan are extinguished to the extent the plan governs creditor treatment. The tribunal relied on a prior higher-court precedent restoring plan approval and concluded the impugned administrative order could not stand; the impugned order was set aside and the appellant company's appeal allowed, with pending applications disposed of accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
