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2023 (2) TMI 231 - AT - Central Excise
Pending appeals wherein, the IBC proceedings have been concluded by NCLT - as per the NCLT order, all the government dues shall stand extinguished and no government dues including the dues involved in the present appeals is recoverable - HELD THAT:- The NCLT has passed an order by approving resolution plan of the company M/s. Alok Industries Limited in favor of JM Financial Asset Reconstruction Company Limited and Reliance Industries Limited, who are the resolution applicant.
Since the IBC proceedings have been concluded in favour of M/s. Arcelormittal Nippon Steel India Ltd., these appeals shall stand infructuous accordingly, we dismiss these appeals as infructuous. Both the sides have liberty, in case of any amicable resolution is not arrived at between the appellant and the respondent, to approach to this tribunal to revive the present appeals and the same shall be decided on merit, if required.
Appeal disposed off.