https://www.taxtmi.com/caselaws?id=445575 CESTAT Bangalore held that appeals abate upon appointment of Interim Resolution Professional or approval of Resolution Plan by NCLT. Following precedent from Mumbai bench, the Tribunal applied Rule 22 of CESTAT (Procedure) Rules, 1982, ruling that appeals automatically abate once successor interest with sufficient rights is appointed by NCLT. The Tribunal emphasized it cannot exceed statutory powers, and any order beyond vested authority would be non est in law. en-us Thu, 09 Nov 2023 00:00:00 +0530 Fri, 10 Nov 2023 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445575 CESTAT Bangalore held that appeals abate upon appointment of Interim Resolution Professional or approval of Resolution Plan by NCLT. Following precedent from Mumbai bench, the Tribunal applied Rule 22 of CESTAT (Procedure) Rules, 1982, ruling that appeals automatically abate once successor interest with sufficient rights is appointed by NCLT. The Tribunal emphasized it cannot exceed statutory powers, and any order beyond vested authority would be non est in law. Case-Laws Central Excise Thu, 09 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445575