https://www.taxtmi.com/highlights?id=77513 Implementation of the Resolution Plan and change in management and control - Demand of customs duty - The appellant did not file any claim during the insolvency process, and as per provisions of the IBC, once a resolution plan is approved, all claims not part of the plan stand extinguished. The Court referred to relevant sections of the IBC and a Supreme Court ruling, affirming that once a resolution plan is approved, claims not included cease to exist. Consequently, the appeal was deemed abated, and the questions proposed were not answered. en-us Fri, 17 May 2024 11:34:36 +0530 Fri, 17 May 2024 11:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77513 Implementation of the Resolution Plan and change in management and control - Demand of customs duty - The appellant did not file any claim during the insolvency process, and as per provisions of the IBC, once a resolution plan is approved, all claims not part of the plan stand extinguished. The Court referred to relevant sections of the IBC and a Supreme Court ruling, affirming that once a resolution plan is approved, claims not included cease to exist. Consequently, the appeal was deemed abated, and the questions proposed were not answered. Highlights Customs Fri, 17 May 2024 11:34:36 +0530 https://www.taxtmi.com/highlights?id=77513