https://www.taxtmi.com/caselaws?id=449755 CESTAT Chennai dismissed the department's appeal for recovery of excise duty following SC precedent in Ghanashyam Mishra case. The NCLT Chennai approved a resolution plan under IBC, and since the department failed to file claims during the corporate insolvency resolution process, all statutory dues including excise duty demands prior to plan approval stood extinguished. The resolution plan specifically provided that all claims would be irrevocably settled and discharged in perpetuity. en-us Thu, 15 Feb 2024 00:00:00 +0530 Mon, 19 Feb 2024 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449755 CESTAT Chennai dismissed the department's appeal for recovery of excise duty following SC precedent in Ghanashyam Mishra case. The NCLT Chennai approved a resolution plan under IBC, and since the department failed to file claims during the corporate insolvency resolution process, all statutory dues including excise duty demands prior to plan approval stood extinguished. The resolution plan specifically provided that all claims would be irrevocably settled and discharged in perpetuity. Case-Laws Central Excise Thu, 15 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449755