The Assistant Commissioner Of Central ... vs Sreenivasa Rao Ravinuthala

The Assistant Commissioner Of Central ... vs Sreenivasa Rao Ravinuthala on 14 October, 2026 2026 INSC 1121 REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 7882 OF 2023 THE ASSISTANT COMMISSIONER OF CENTRAL TAX, CGST DIVISION … APPELLANT(S) VERSUS SREENIVASA RAO RAVINUTHALA AND ANOTHER … RESPONDENT(S) JUDGMENT S.V.N. BHATTI, J. 1. The Civil Appeal arises from the final Judgment and Order dated 02.08.2023, passed by the National Company Law Appellate Tribunal (“NCLAT”), Chennai, in Company Appeal (AT) (CH) (INS) No. 346 of 2021, under Section 62 of the Insolvency and Bankruptcy Code, 2016 (“the IBC”). The Civil Appeal was filed on 21.11.2023. Respondent No. 2 raises a preliminary objection on limitation. 2. We have heard Mr. Saurav Roy, learned Counsel, for the Appellant, and Mr. Ritin Rai, learned Senior Counsel, for Respondent No.2 on the preliminary Signature Not Verified objection. The following circumstances are noted for appreciating Respondent Digitally signed by SNEHA DAS Date: 2026.10.14 16:48:42 IST Reason: No.2's preliminary objection. 1 3. The Corporate Debtor/M/s Samyu Glass Private Limited, a Company incorporated under the Companies Act, 1956, manufactured high-quality glass containers and was registered as an Export Oriented Unit. Between 2013 and 2017, the Central Excise and Service Tax Department initiated multiple excise recovery proceedings against the Corporate Debtor. Around November/December 2016, the Corporate Debtor stopped its manufacturing activity. The Corporate Debtor subjected the demands raised by the Appellant to challenge before the Customs, Excise and Service …