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CIRP - Recovery of dues of central excise duty form Corporate ...


Revenue Department Misses Filing Deadline for Excise Duty Claim in CIRP; No Funds Available for Recovery.

December 17, 2022

Case Laws     Insolvency and Bankruptcy     AT

CIRP - Recovery of dues of central excise duty form Corporate debtor - Revenue has not filed the claim when it was invited by the RP - At this belated stage no fund is available out of the kitty of the Resolution Plan which can be earmarked to the Appellant as informed by the RP and the Resolution Applicant also. Both Resolution Applicant and RP has confirmed implementation of the plan and nothing remains to be adjudicated. - AT

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