Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved rules CESTAT
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the appeal abates once Corporate Insolvency Resolution Process (CIRP) is initiated, Insolvency Resolution Plan (IRP) appointed and resolution plan is approved. During the pendency of the above Appeals, it is brought on record that one M/s Manjushree Travels, Bangalore vide…
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