https://www.taxtmi.com/caselaws?id=431613 The appeal under Section 61 of the Insolvency and Bankruptcy Code 2016, challenging the approval of the Resolution Plan by the Adjudicating Authority due to non-provisioning for outstanding statutory dues of the Corporate Debtor, was dismissed. The Adjudicating Authority confirmed the demand against the Corporate Debtor for failing to pay excise duty on manufactured goods and engaging in clandestine clearance of finished goods without paying central excise duty. The dismissal was based on the binding nature of the approved resolution plan on all stakeholders, including creditors and government authorities, and the failure of the statutory authority to file a claim for the outstanding statutory dues during the Resolution Plan process. en-us Fri, 16 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431613 The appeal under Section 61 of the Insolvency and Bankruptcy Code 2016, challenging the approval of the Resolution Plan by the Adjudicating Authority due to non-provisioning for outstanding statutory dues of the Corporate Debtor, was dismissed. The Adjudicating Authority confirmed the demand against the Corporate Debtor for failing to pay excise duty on manufactured goods and engaging in clandestine clearance of finished goods without paying central excise duty. The dismissal was based on the binding nature of the approved resolution plan on all stakeholders, including creditors and government authorities, and the failure of the statutory authority to file a claim for the outstanding statutory dues during the Resolution Plan process. Case-Laws Insolvency and Bankruptcy Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431613