The Operational Creditor sought to withdraw the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor then sought leave of the court to withdraw the petition. The court allowed the withdrawal and dismissed the petition, granting the Operational Creditor liberty to file a fresh petition. This indicates that the Operational Creditor may have had reasons to believe that withdrawing and refiling would be more advantageous.
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Hearing of Mumbai Bench…
The Operational Creditor sought to withdraw the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor then sought leave of the court to withdraw the petition. The court allowed the withdrawal and dismissed the petition, granting the Operational Creditor liberty to file a fresh petition. This indicates that the Operational Creditor may have had reasons to believe that withdrawing and refiling would be more advantageous.
Hearing of Mumbai Bench…