2022 (9) TMI 1179

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....ditya , DR ORDER Per Bench Aggrieved by the order(s) passed by the learned Commissioner of Income Tax (Appeals)-4, Hyderabad ("Ld. CIT(A)"), in the case of M/s. Meena Jewellers Pvt. Ltd., ("the assessee") for the assessment years 2009-10 & 2010-11, assessee preferred these appeals. For the sake of convenience, we dispose-of these appeals by this common order. 2. At the outset it is represented....

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....court of law or tribunal. In Ghanashyam Mishra And Sons (supra), it was held that, (i) That once a resolution plan is duly approved by the Adjudicating Authority under Sub-Section (1) of Section 31, the claims as provided in the resolution plan shall stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors, including the Central Government, any State Governmen....

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....ior to the date on which the Adjudicating Authority grants its approval under Section 31 could be continued. 4. A reading of the provisions under section 13 and 14 of the Code along with the decision in Ghanashyam Mishra And Sons (supra), clearly shows that once the proceedings have commenced by institution of application under section 7 or 9 or 10 of the Code, the continuance of the pending proc....