9911796707
TMI Blog2021 (10) TMI 303X X X X Extracts X X X X X X X X Extracts X X X X ..... t Commissioner, MEPZ, Chennai by letter dated 02.01.2008 accorded no objection to them. Upon issue of a letter dated 21.01.2008 by the Central Excise Authorities stating that the appellant had discharged all the Duty liability on imported and indigenous goods on 18.01.2008 and 28.01.2008, the Development Commissioner permitted final exit from 100% EOU status by his letter dated 05.02.2008. The appellants were also permitted to function as an EPCG unit. 2. Officers of the Department visited the unit of the appellant on 05.11.2009 and by a detention memo detained certain imported and indigenous goods which were not included in the list of capital goods submitted by the appellant to the Department for the purpose of de-bonding. Though the app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the National Company Law Tribunal, Chennai in terms of Section 31(1) of the Insolvency and Bankruptcy Code, 2016 for consideration and approval of a Resolution Plan. The National Company Law Tribunal, Chennai has passed an order on 12.03.2019 approving the Resolution Plan filed before it. 5. Learned Counsel Shri S. Murugappan appearing for the appellant submitted that the above fact may be recorded and the appeal be disposed of as abated. 6. Learned Authorized Representative Ms. K. Komathi appeared for the Department. 7. Heard both sides. 8. The order of the National Company Law Tribunal, Chennai in the matter of M/s. Subburaj Spinning Mills Pvt. Ltd. dated 12.03.2019 is placed before us. In paragraph 25 of the order, the National Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. 25. In view of the above, the 'Resolution Plan' annexed with MA/31/IB/2019 filed in CP/655/IB/2017 is hereby approved, which shall be binding on the Corporate Debtor and its employees, members, creditors, guarantors and other stakeholders involved in the Resolution Plan including Resolution Applicant." Accordingly, as per the order, from the plan approval date, all proceedings, claims, disputes and interests in connection with the Corporate Debtor (appellant herein) shall stand withdrawn, satisfied and discharged. 9. The miscellaneous application has been filed by the Authorized Signatory of the appellant for having the appeal disposed of by closing the demands, as abated. 10. In view of the above, we therefore dismiss the appeal, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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