https://www.taxtmi.com/caselaws?id=775648 The NCLAT dismissed the appeal, affirming the NCLT's decision that no dues were payable to the appellant as the entire amount demanded had been remitted by the respondent. The appellant failed to disclose this payment and unnecessarily prolonged the proceedings for over two years, leading to a cost imposition. While the NCLT imposed costs of Rs. 5,00,000/-, the NCLAT reduced the cost to Rs. 1,00,000/- considering the appellant's changed management and other mitigating factors. The appellant was directed to deposit the reduced cost within 30 days, and the appeal was closed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775648 The NCLAT dismissed the appeal, affirming the NCLT's decision that no dues were payable to the appellant as the entire amount demanded had been remitted by the respondent. The appellant failed to disclose this payment and unnecessarily prolonged the proceedings for over two years, leading to a cost imposition. While the NCLT imposed costs of Rs. 5,00,000/-, the NCLAT reduced the cost to Rs. 1,00,000/- considering the appellant's changed management and other mitigating factors. The appellant was directed to deposit the reduced cost within 30 days, and the appeal was closed. Case-Laws IBC Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775648