The Interim Resolution Professional (IRP), Mr. Sumit Bansal, through his advocate Sh. Sumit Shukla, filed a progress report. The report included the application of the Operational Creditor seeking to withdraw the CIRP petition after its admission. The application was submitted to the Committee of Creditors (COC). The COC approved the withdrawal application with a 100% vote share. The application was initially filed under Section 7, 9, or 10 of the I&B Code. The application for withdrawal was made in Form-FA. The COC approval is based on Regulation 13A of IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 and Section 12A of the I&B Code, 2016.

The Interim Resolution Professional (IRP), Mr. Sumit Bansal, through his advocate Sh. Sumit Shukla, filed a progress report. The report included the application of the Operational Creditor seeking to withdraw the CIRP petition after its admission. The application was submitted to the Committee of Creditors (COC). The COC approved the withdrawal application with a 100% vote share. The application was initially filed under Section 7, 9, or 10 of the I&B Code. The application for withdrawal was made in Form-FA. The COC approval is based on Regulation 13A of IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 and Section 12A of the I&B Code, 2016.