Two appeals were filed against an order dated 27.08.2025 passed by the Adjudicating Authority (NCLT, Kolkata Bench) which allowed an application under Section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) for withdrawal of a Section 9 application. The original Section 9 application was filed by operational creditor Jitendra Jain against West Bengal Agro Textile Corporation Ltd. (Corporate Debtor) and was admitted on 22.08.2025. A settlement was reached between the operational creditor and the corporate debtor, leading to the IRP filing a Section 12A application for withdrawal. The appellants, who had their own Section 9 applications pending against the corporate debtor, were aggrieved by the withdrawal order, contending they were not heard.

Two appeals were filed against an order dated 27.08.2025 passed by the Adjudicating Authority (NCLT, Kolkata Bench) which allowed an application under Section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) for withdrawal of a Section 9 application. The original Section 9 application was filed by operational creditor Jitendra Jain against West Bengal Agro Textile Corporation Ltd. (Corporate Debtor) and was admitted on 22.08.2025. A settlement was reached between the operational creditor and the corporate debtor, leading to the IRP filing a Section 12A application for withdrawal. The appellants, who had their own Section 9 applications pending against the corporate debtor, were aggrieved by the withdrawal order, contending they were not heard.