https://www.taxtmi.com/caselaws?id=752752 CESTAT Chandigarh disposed of an appeal as abated following approval of a Resolution Plan by NCLT. The tribunal held it became functus officio after NCLT's approval, citing precedents from Mumbai and Hyderabad benches in similar cases involving recovery of CENVAT Credit with interest and penalties. The appeal concerning tax recovery was rendered moot once the corporate insolvency resolution process concluded with NCLT's sanction of the resolution plan. en-us Tue, 14 May 2024 00:00:00 +0530 Thu, 16 May 2024 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752752 CESTAT Chandigarh disposed of an appeal as abated following approval of a Resolution Plan by NCLT. The tribunal held it became functus officio after NCLT's approval, citing precedents from Mumbai and Hyderabad benches in similar cases involving recovery of CENVAT Credit with interest and penalties. The appeal concerning tax recovery was rendered moot once the corporate insolvency resolution process concluded with NCLT's sanction of the resolution plan. Case-Laws Central Excise Tue, 14 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752752