TMI Blog2023 (5) TMI 381X X X X Extracts X X X X X X X X Extracts X X X X ..... in view of the order passed by the NCLT, the Resolution Plan may be taken into consideration and the appeal may be disposed accordingly. HELD THAT:- NCLT passed the following order: (i) Maximum of Rs.25 crores or the liquidation value allocable towards the statutory dues, whichever is higher, is proposed to be made towards claims by Government Authorities. (ii) All claims or liabilities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .R) ORDER Per Ms. Sulekha Beevi C.S. 1. The above appeal has been filed against the order passed by original authority who disallowed the availment of cenvat credit of service tax to the tune of Rs.88,84,632/- for the period February 2011 and March 2011 and ordered for recovery of the same along with interest and imposed equal penalty Under the provisions of Cenvat Credit Rules, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unsel that in view of the order passed by the NCLT, the Resolution Plan may be taken into consideration and the appeal may be disposed accordingly. 3. Ld.A.R. Ms. K. Komathi appeared for the department. 4. Heard both sides. 5. The appellant has produced the order dt. 24.07.2019 passed by NCLT, Mumbai in MA 1721/2019, MA 1428/2019, MA 1746/2019 MA 1816/2019 in CP (IB) 1371 1372 (MB)/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bilities etc owed to any Government Authority by the Corporate Debtor, in relation to any period prior to the Effective Date or on acquisition of control of the Corporate Debtor by the Resolution Applicant through the SPV proposed to stand extinguished upon the receipt of the said amount towards statutory dues pursuant to the approval of the resolution plan by the Hon ble NCLT. 6. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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