https://www.taxtmi.com/caselaws?id=429378 An approved resolution plan under the insolvency process discharged contingent liabilities, pending litigations, claims and dues of the corporate debtor, leaving no further recourse against the corporate debtor or resolution applicant; the appeal was therefore treated as infructuous. The Tribunal also held that Rule 22 of the CESTAT Procedure Rules, 1982 applies only where an assessee is adjudged insolvent or a company is wound up, and not where the company merely undergoes a resolution process and change of name. On that basis, no application for continuance of proceedings was required and the matter was disposed of as infructuous. en-us Thu, 20 Oct 2022 00:00:00 +0530 Sat, 18 Feb 2023 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429378 An approved resolution plan under the insolvency process discharged contingent liabilities, pending litigations, claims and dues of the corporate debtor, leaving no further recourse against the corporate debtor or resolution applicant; the appeal was therefore treated as infructuous. The Tribunal also held that Rule 22 of the CESTAT Procedure Rules, 1982 applies only where an assessee is adjudged insolvent or a company is wound up, and not where the company merely undergoes a resolution process and change of name. On that basis, no application for continuance of proceedings was required and the matter was disposed of as infructuous. Case-Laws Customs Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429378