https://www.taxtmi.com/caselaws?id=428234 The Appellate Tribunal dismissed the appeals in the case of M/s. Meena Jewellers Pvt. Ltd. concerning assessment years 2009-10 & 2010-11. The Tribunal held that during Corporate Insolvency Resolution Proceedings (CIRP), claims specified in an approved resolution plan become binding on the Corporate Debtor and stakeholders. It emphasized that claims not included in the plan are extinguished upon approval, prohibiting the initiation or continuation of proceedings related to such claims. The Tribunal ruled that the appeals could not proceed during CIRP and granted the opportunity for restoration post-CIRP outcome. en-us Mon, 29 Aug 2022 00:00:00 +0530 Tue, 27 Sep 2022 07:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428234 The Appellate Tribunal dismissed the appeals in the case of M/s. Meena Jewellers Pvt. Ltd. concerning assessment years 2009-10 & 2010-11. The Tribunal held that during Corporate Insolvency Resolution Proceedings (CIRP), claims specified in an approved resolution plan become binding on the Corporate Debtor and stakeholders. It emphasized that claims not included in the plan are extinguished upon approval, prohibiting the initiation or continuation of proceedings related to such claims. The Tribunal ruled that the appeals could not proceed during CIRP and granted the opportunity for restoration post-CIRP outcome. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428234