Bank of Baroda filed a petition against Punam Singh under Section 95(1) of the Insolvency and Bankruptcy Code (IBC). The matter was initially scheduled for a hearing on July 5, 2021, but was advanced to June 29, 2021, due to a request made via email. During the hearing, the applicant's counsel, Mr. Avishek Guha, requested permission to withdraw the petition. The reason for the withdrawal was that the proposed Resolution Professional was already acting as the Liquidator for the Corporate Debtor. The court acknowledged these submissions and subsequently dismissed the petition, CP(IB)/131(KB)2021, as withdrawn, while granting the applicant the option to file a new petition in compliance with the law.

Bank of Baroda filed a petition against Punam Singh under Section 95(1) of the Insolvency and Bankruptcy Code (IBC). The matter was initially scheduled for a hearing on July 5, 2021, but was advanced to June 29, 2021, due to a request made via email. During the hearing, the applicant's counsel, Mr. Avishek Guha, requested permission to withdraw the petition. The reason for the withdrawal was that the proposed Resolution Professional was already acting as the Liquidator for the Corporate Debtor. The court acknowledged these submissions and subsequently dismissed the petition, CP(IB)/131(KB)2021, as withdrawn, while granting the applicant the option to file a new petition in compliance with the law.