BDH Corporation (India) filed a petition against Innovative Textiles Ltd under Section 9 of the IBC, 2016. The petition was initially admitted, and an Insolvency Resolution Professional (IRP) was appointed. Subsequently, the petitioner, represented by Mr. Vijay Chauhan, Advocate, sought to withdraw the petition. The Tribunal considered this request, along with the relevant rules, and dismissed the petition as withdrawn. The IRP was directed to file expenditure details, and the parties were instructed to remit the dues to the IRP within 10 days. The initial order admitting the petition was passed on 15.04.2019, and a subsequent revocation order was issued on 03.06.2019.

BDH Corporation (India) filed a petition against Innovative Textiles Ltd under Section 9 of the IBC, 2016. The petition was initially admitted, and an Insolvency Resolution Professional (IRP) was appointed. Subsequently, the petitioner, represented by Mr. Vijay Chauhan, Advocate, sought to withdraw the petition. The Tribunal considered this request, along with the relevant rules, and dismissed the petition as withdrawn. The IRP was directed to file expenditure details, and the parties were instructed to remit the dues to the IRP within 10 days. The initial order admitting the petition was passed on 15.04.2019, and a subsequent revocation order was issued on 03.06.2019.