The Tribunal found that the National Company Law Tribunal (NCLT) had allowed the application of the Resolution Professional and ordered liquidation of the Company/Corporate Debtor.
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that excise Order against a liquidated company is not sustainable. The Tribunal found that the National Company Law Tribunal (NCLT) had allowed the application of the Resolution Professional and ordered liquidation of the Company/Corporate Debtor.
The appellant, Transstroy (India ) Ltd. challenged the Order-In-Appeal No. passed by Commissioner of Central Excise (Appeals), Madurai. Shri G. Natarajan, Advocate who filed vakalat earlier in this matter brings to…
