2025 (6) TMI 1593

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....an T., Advocate for the Appellant Shri Anoop Singh, Authorized Representative for the Respondent ORDER Per: Shri Vasa Seshagiri Rao Ld. Advocate Shri Barathan submitted that the appellant had approached NCLT for liquidation and NCLT after satisfying itself, approved the Resolution Plan and therefore demands raised in the impugned order cannot survive as the appeal itself is to be treat....

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....s Asset Reconstruction Company Ltd. & Ors. (Civil Appeal No.8129 of 2019) vide judgement dated 13.04.2021 reported in 2021 (4) TMI -SUPREME COURT which decision has been followed by various CESTAT Benches across India. 4. The Hon'ble Apex Court in the case of Ghanashyam Mishra and Sons Pvt. Ltd. supra has after considering the various decisions of its own and after analysing the relevant provis....

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....(ii) 2019 amendment to Section 31 of the I&B Code is clarificatory and declaratory in nature and therefore will be effective from the date on which I&B Code has come into affect; (iii) Consequently all the dues including the statutory dues owed to the Central Government, any State Government or any local authority, if not part of the resolution plan, shall stand extinguished and no procee....