https://www.taxtmi.com/caselaws?id=310752 The Gujarat HC held that the Customs Department's appeal became infructuous and abated following completion of the corporate insolvency resolution process under IBC. The Resolution Plan was approved by creditors on 20.04.2019 and by NCLT, with the process completing on 6.09.2019. Since the appellant-Commissioner failed to file any claim as operational creditor with the Resolution Professional during the insolvency proceedings, and given the change in ownership/control effective 18.12.2019, all prior liabilities were extinguished under Section 32A of IBC. The appeal was disposed of as abated. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sat, 11 Nov 2023 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310752 The Gujarat HC held that the Customs Department's appeal became infructuous and abated following completion of the corporate insolvency resolution process under IBC. The Resolution Plan was approved by creditors on 20.04.2019 and by NCLT, with the process completing on 6.09.2019. Since the appellant-Commissioner failed to file any claim as operational creditor with the Resolution Professional during the insolvency proceedings, and given the change in ownership/control effective 18.12.2019, all prior liabilities were extinguished under Section 32A of IBC. The appeal was disposed of as abated. Case-Laws Customs Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310752