https://www.taxtmi.com/caselaws?id=440849 The Tribunal held that the appellants' availing of CENVAT credit for erecting telecommunication towers was eligible, rejecting the department's claim of ineligibility. The completion of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code extinguished government claims, with the NCLT-approved Resolution Plan binding on such claims. Post-approval of the Resolution Plan, all claims not included were extinguished, preventing further recovery proceedings. Consequently, the appeals were abated, and the Tribunal became functus officio in the matter. en-us Mon, 24 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440849 The Tribunal held that the appellants' availing of CENVAT credit for erecting telecommunication towers was eligible, rejecting the department's claim of ineligibility. The completion of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code extinguished government claims, with the NCLT-approved Resolution Plan binding on such claims. Post-approval of the Resolution Plan, all claims not included were extinguished, preventing further recovery proceedings. Consequently, the appeals were abated, and the Tribunal became functus officio in the matter. Case-Laws Service Tax Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440849