https://www.taxtmi.com/caselaws?id=393952 A BIFR-sanctioned rehabilitation scheme protected the new management from undisclosed pre-cut-off liabilities up to 31 March 2000, and those liabilities could not be enforced outside the approved package. Because the Central Excise Department's additional claims were neither disclosed by the old management nor covered by the sanctioned scheme, and the BIFR's directions barring extra claims were never overturned, the sanctioned refund arising from the departmental appeal could not be adjusted against those demands. The rehabilitation scheme therefore controlled the recovery process, leaving the respondent company protected from the attempted adjustment and recovery of the excluded liabilities. en-us Fri, 24 Jan 2020 00:00:00 +0530 Fri, 20 Nov 2020 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393952 A BIFR-sanctioned rehabilitation scheme protected the new management from undisclosed pre-cut-off liabilities up to 31 March 2000, and those liabilities could not be enforced outside the approved package. Because the Central Excise Department's additional claims were neither disclosed by the old management nor covered by the sanctioned scheme, and the BIFR's directions barring extra claims were never overturned, the sanctioned refund arising from the departmental appeal could not be adjusted against those demands. The rehabilitation scheme therefore controlled the recovery process, leaving the respondent company protected from the attempted adjustment and recovery of the excluded liabilities. Case-Laws Central Excise Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393952