https://www.taxtmi.com/caselaws?id=445946 The CESTAT Bangalore held that revenue appeals abate upon appointment of IRP and/or approval of resolution plan under CIRP proceedings. Following the Mumbai Bench precedent in Alok Industries Ltd., the Tribunal applied Rule 22 of CESTAT (Procedure) Rules, 1982, which requires abatement once successor interest with sufficient rights is appointed by NCLT. The Tribunal emphasized it cannot exceed statutory powers vested under the Act or Rules. Consequently, all appeals filed by Revenue abate automatically upon IRP appointment or resolution plan approval, denying respondents' continuation of appeals post-NCLT approval. en-us Fri, 17 Nov 2023 00:00:00 +0530 Wed, 22 Nov 2023 22:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445946 The CESTAT Bangalore held that revenue appeals abate upon appointment of IRP and/or approval of resolution plan under CIRP proceedings. Following the Mumbai Bench precedent in Alok Industries Ltd., the Tribunal applied Rule 22 of CESTAT (Procedure) Rules, 1982, which requires abatement once successor interest with sufficient rights is appointed by NCLT. The Tribunal emphasized it cannot exceed statutory powers vested under the Act or Rules. Consequently, all appeals filed by Revenue abate automatically upon IRP appointment or resolution plan approval, denying respondents' continuation of appeals post-NCLT approval. Case-Laws Customs Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445946