BDH Corporation (India) filed a petition against Innovative Textiles Ltd under Section 9 of the IBC, 2016. Mr. Vijay Chauhan, Advocate, representing the petitioner, appeared before the National Company Law Tribunal (NCLT) and stated that he had instructions to withdraw the petition. The NCLT had previously appointed an Insolvency Resolution Professional (IRP) and passed an order on 2019-04-15, which was subsequently revoked on 2019-06-03. The NCLT considered the representation for withdrawal and Rule 8 of the I&B (Application to Adjudicating Authority) Rules, 2016. The IRP was directed to file the expenditure along with vouchers, to be remitted by the parties within 10 days. The matter was posted for further action on 2019-08-05.

BDH Corporation (India) filed a petition against Innovative Textiles Ltd under Section 9 of the IBC, 2016. Mr. Vijay Chauhan, Advocate, representing the petitioner, appeared before the National Company Law Tribunal (NCLT) and stated that he had instructions to withdraw the petition. The NCLT had previously appointed an Insolvency Resolution Professional (IRP) and passed an order on 2019-04-15, which was subsequently revoked on 2019-06-03. The NCLT considered the representation for withdrawal and Rule 8 of the I&B (Application to Adjudicating Authority) Rules, 2016. The IRP was directed to file the expenditure along with vouchers, to be remitted by the parties within 10 days. The matter was posted for further action on 2019-08-05.