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CESTAT Rules Reimbursements and Customised Software Beyond MCS Scope, Sets Aside Service Tax Demand on BITSAT [Read Order]
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Bangalore bench has set aside service tax demands raised on the appellants for...
Non‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]
The Tribunal held that failure to submit a final resolution plan or participate in the challenge mechanism disentitles an applicant from questioning the eligibility of the successful resolution applicant. The judgment reinforces the primacy of the Committee of Creditors’ (CoC) commercial wisdom and the limited scope of judicial interference under the Insolvency and Bankruptcy Code (IBC).
Kavi Priya
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
Navasree A.MNon‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]
The Tribunal held that failure to submit a final resolution plan or participate in the challenge mechanism disentitles an applicant from questioning the eligibility of the successful resolution applicant. The judgment reinforces the primacy of the Committee of Creditors’ (CoC) commercial wisdom and the limited scope of judicial interference under the Insolvency and Bankruptcy Code (IBC).
