CESTAT ruled that once NCLT approves Resolution Plan, appeal abates. Similar cases considered. Appeal disposed of as abated.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The CESTAT, an Appellate Tribunal, addressed the issue of abatement of appeal following NCLT's approval of a Resolution Plan. Citing precedents from Mumbai and Hyderabad Benches, it was held that once NCLT approves the Resolution Plan, the appeal stands abated. The Tribunal is functus officio in such matters. The appeal was disposed of as abated.....