https://www.taxtmi.com/caselaws?id=397405 An appeal under the Insolvency and Bankruptcy Code, 2016 is subject to a special limitation period of 30 days, extendable by 15 days only on sufficient cause; the 45-day outer limit cannot be crossed, so the appeal was time-barred and not entertainable. On merits, a resolution plan could validly reserve an estimated amount for SEZ de-notification and related duties or penalties because the actual liability remained for the competent authority to assess at exit. That estimate did not encroach upon the Development Commissioner's jurisdiction or conflict with the SEZ Act and Rules, so the challenge to the approved plan failed and the plan remained undisturbed. en-us Mon, 13 Jul 2020 00:00:00 +0530 Tue, 18 Aug 2020 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397405 An appeal under the Insolvency and Bankruptcy Code, 2016 is subject to a special limitation period of 30 days, extendable by 15 days only on sufficient cause; the 45-day outer limit cannot be crossed, so the appeal was time-barred and not entertainable. On merits, a resolution plan could validly reserve an estimated amount for SEZ de-notification and related duties or penalties because the actual liability remained for the competent authority to assess at exit. That estimate did not encroach upon the Development Commissioner's jurisdiction or conflict with the SEZ Act and Rules, so the challenge to the approved plan failed and the plan remained undisturbed. Case-Laws Insolvency and Bankruptcy Mon, 13 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397405