https://www.taxtmi.com/caselaws?id=429796 The tribunal ruled that the NCLT-approved resolution plan absolved the appellant of dues, but it lacked authority to decide on recovery. Emphasizing the department's role in determining recoverability, the tribunal highlighted the need for departmental action and engagement with relevant parties. The appeal was deemed infructuous, allowing parties to seek tribunal intervention if needed. The tribunal recommended guidelines from the Central Board of Indirect Taxes & Customs for clarity in similar IBC-related cases, underscoring the complexities of resolving dues under the Insolvency and Bankruptcy Code. en-us Thu, 20 Oct 2022 00:00:00 +0530 Fri, 04 Nov 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429796 The tribunal ruled that the NCLT-approved resolution plan absolved the appellant of dues, but it lacked authority to decide on recovery. Emphasizing the department's role in determining recoverability, the tribunal highlighted the need for departmental action and engagement with relevant parties. The appeal was deemed infructuous, allowing parties to seek tribunal intervention if needed. The tribunal recommended guidelines from the Central Board of Indirect Taxes & Customs for clarity in similar IBC-related cases, underscoring the complexities of resolving dues under the Insolvency and Bankruptcy Code. Case-Laws Customs Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429796