Paradeep Phosphates Loses NCLAT Appeal Against Orissa

NCLAT dismisses Paradeep Phosphates' appeal against NCLT order rejecting enforcement of BIFR-sanctioned tax exemption scheme.
Tribunal rules State of Orissa never consented to Entry Tax exemption under 2008 rehabilitation scheme, making it non-binding.
Appellant's claim deemed invalid post-2011 deregistration as sick company and due to lapsed statutory appeal periods.
Notification dated 24.05.2017 cannot revive time-barred rights or convert old BIFR schemes into IBC resolution plans.