https://www.taxtmi.com/caselaws?id=788084 NCLT-approved resolution-plan settlement of admitted revenue claims precludes continuation of related interest and penalty demands once the settled amount has been paid. The Tribunal treated the duty demand as conclusively resolved under the insolvency process and held that the extended limitation finding, interest and penalty could not survive separately. Applying the procedural rule governing proceedings after resolution-plan approval, it declined to reopen the settled demand and disposed of the appeal in favour of the appellant to the extent of setting aside interest and penalty linked to the settled claims. en-us Thu, 12 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788084 NCLT-approved resolution-plan settlement of admitted revenue claims precludes continuation of related interest and penalty demands once the settled amount has been paid. The Tribunal treated the duty demand as conclusively resolved under the insolvency process and held that the extended limitation finding, interest and penalty could not survive separately. Applying the procedural rule governing proceedings after resolution-plan approval, it declined to reopen the settled demand and disposed of the appeal in favour of the appellant to the extent of setting aside interest and penalty linked to the settled claims. Case-Laws Central Excise Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788084