Excise Demands Extinguished by NCLT Order: Telangana HC

Sirpur Paper Mills Limited Vs Commissioner of Customs Central Excise (Telangana High Court) Telangana High Court on July 25, 2025, disposed of an appeal filed by Sirpur Paper Mills Limited against an order of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore. The High Court’s decision was based on a crucial development: the approval of a resolution plan for the paper mill by the National Company Law Tribunal (NCLT), which explicitly extinguished all past indirect tax demands against the company. The appeal, filed under Section 35-G of the Central Excise Act, 1944...