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2019 (8) TMI 1382 - AT - Insolvency and BankruptcyContinuation of insolvency proceedings - abatement of proceedings - party became insolvent, but no formal application filed for continuation of proceedings - continuation of proceedings before this Tribunal in compliance with Rule 22 of CESTAT (Procedure) Rules, 1982 - HELD THAT:- A plain reading of Rule 22 makes it clear that for the proceedings to be continued by the company, necessary applications required to be filed to continue the proceedings by the successor or liquidator as the case may be, within sixty days of the occurrence of the event. In the present case, even though the insolvency proceedings has been started in 2017 and Resolution Professional has been appointed, no formal application has been filed to continue the proceedings before this forum - appeals abated.
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