2025 (9) TMI 1542

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....- -<br>Insolvency & Bankruptcy<br>JUSTICE ASHOK BHUSHAN CHAIRPERSON, BARUN MITRA MEMBER (TECHNICAL) AND ARUN BAROKA MEMBER (TECHNICAL) For the Appellant : Mr. Gaurav Mitra, Mr. Himanshu Satija, Mr. Jay Zaveri, Ms. Rhea Prakash, Ms. Ridhi Ranjan, Advocates. For the Respondents : Mr. Vivek Kohli, Sr. Advocate with Mr. Asav Rajan, Ms. Vasudha, Mr. Akash Saxena, Ms. Charu Trivedi, Mr. Kashish Ch....

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....ties, obligations and/or liabilities relating to the Steel Division, including the export obligations vest with and shall be complied by the Corporate Debtor, (b) This Tribunal be pleased to direct the Resolution Professional of the Corporate Debtor to acknowledge its obligations and/or liabilities under the said Show Cause Notice dated 01st December 2021; (c) This Tribunal be pl....

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....o the Customs Authority. The Appellant has pleaded that liability of the custom duty is on the Corporate Debtor by virtue of Slump Sale Agreement dated 30.03.2011. The application was resisted by the Resolution Professional as well as the SRA. The Adjudicating Authority came to the conclusion that issue regarding liability under the Customs Act are beyond the jurisdiction of the Adjudicating Autho....

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....the liability was fixed by 31.03.2023, against which appeal was filed, which appeal was disposed of by order of the Appellate Authority by dated 24.07.2024 remanding the matter back to the Customs Authority for consideration and the issue regarding liability of the custom duty has not yet been finalised by the Customs Authority. 6. Learned counsel for the RP also supported the order and submits....