In a significant development, the Learned Counsel representing the appellant, M/s. C & C Constructions Ltd, informed the court that the appellant’s company is currently undergoing a liquidation process. The National Company Law Tribunal (NCLT), in its order dated 7th October 2022, had appointed the Official Liquidator to oversee the proceedings.
Considering these circumstances, the appellant expressed their intention to withdraw the appeal in the case against the Commissioner of Customs (Port), Kolkata. Subsequently, the court has dismissed the appeal as withdrawn.
The case, identified as Customs Appeal No. 75068 of 2016, was presided over by Hon’ble Mr. R. Muralidhar, Member (Judicial), and Hon’ble Mr. Rajeev Tandon, Member (Technical).
This development marks a crucial turning point in the legal proceedings, as the liquidation process takes precedence over pending litigation. The withdrawal of the appeal signifies a shift in focus towards resolving the liquidation matter and addressing the financial and operational concerns of M/s. C & C Constructions Ltd.
Please note that the content of this article is for informational purposes only and should not be construed as legal advice.
Case title: M/s. C & C Constructions Ltd v/s Commissioner of Customs (Port), Kolkata
Citation: Customs Appeal No.75068 of 2016
