https://www.taxtmi.com/caselaws?id=754298 The CESTAT Bangalore held that appeals abate once Corporate Insolvency Resolution Process (CIRP) is initiated and Insolvency Resolution Professional (IRP) is appointed or resolution plan is approved under the Insolvency and Bankruptcy Code, 2016. Following the Mumbai bench precedent and citing SC and HC decisions, the Tribunal ruled it cannot exceed statutory powers vested under the statute. Rule 22 of CESTAT (Procedure) Rules, 1982 applies, causing automatic abatement of appeals filed by both appellant and revenue authorities upon CIRP initiation. en-us Thu, 30 Nov 2023 00:00:00 +0530 Thu, 20 Jun 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754298 The CESTAT Bangalore held that appeals abate once Corporate Insolvency Resolution Process (CIRP) is initiated and Insolvency Resolution Professional (IRP) is appointed or resolution plan is approved under the Insolvency and Bankruptcy Code, 2016. Following the Mumbai bench precedent and citing SC and HC decisions, the Tribunal ruled it cannot exceed statutory powers vested under the statute. Rule 22 of CESTAT (Procedure) Rules, 1982 applies, causing automatic abatement of appeals filed by both appellant and revenue authorities upon CIRP initiation. Case-Laws Central Excise Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754298