https://www.taxtmi.com/caselaws?id=750842 Where a tax demand is extinguished on approval of a resolution plan under the Insolvency and Bankruptcy Code, the Revenue cannot continue to retain an appellate pre-deposit made against that demand. The note states that claims not included in the approved plan stand extinguished, and failure by the Revenue to lodge its claim in insolvency proceedings or challenge the insolvency orders leaves no basis to reject refund. It further notes that retention of the pre-deposit after the underlying liability has ceased amounts to unjust enrichment, and the depositor is entitled to refund with statutory interest under the governing excise framework. en-us Tue, 20 Feb 2024 00:00:00 +0530 Wed, 30 Apr 2025 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750842 Where a tax demand is extinguished on approval of a resolution plan under the Insolvency and Bankruptcy Code, the Revenue cannot continue to retain an appellate pre-deposit made against that demand. The note states that claims not included in the approved plan stand extinguished, and failure by the Revenue to lodge its claim in insolvency proceedings or challenge the insolvency orders leaves no basis to reject refund. It further notes that retention of the pre-deposit after the underlying liability has ceased amounts to unjust enrichment, and the depositor is entitled to refund with statutory interest under the governing excise framework. Case-Laws GST Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750842