Goyal Brothers, acting as the operational creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Amar Parkash Rice Exports Pvt. Ltd., the corporate debtor, by filing CP (IB) No. 103/Chd/Pb/2021 under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the Tribunal observed on 04.10.2021 that the petition appeared to be barred by the period of limitation. The case was then listed for 10.11.2021 for the petitioner to take appropriate steps. On 10.11.2021, the petitioner's counsel stated that they did not wish to proceed with the petition and sought leave to withdraw it. Consequently, the Tribunal dismissed the petition as withdrawn.

Goyal Brothers, acting as the operational creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Amar Parkash Rice Exports Pvt. Ltd., the corporate debtor, by filing CP (IB) No. 103/Chd/Pb/2021 under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the Tribunal observed on 04.10.2021 that the petition appeared to be barred by the period of limitation. The case was then listed for 10.11.2021 for the petitioner to take appropriate steps. On 10.11.2021, the petitioner's counsel stated that they did not wish to proceed with the petition and sought leave to withdraw it. Consequently, the Tribunal dismissed the petition as withdrawn.