The case involves an application for withdrawal of a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was filed under Section 12(A) read with Section 60(5) of IBC, Rule 11 of NCLT Rules 2016, and regulation 30A(1)(b) read with 30A(5) of IBBI (IRP for CP) Regulation 2016.
M/s. BSE Ltd. filed a petition against M/s. MFS Intercorp Ltd. under Section 9 of the IBC. The petitioner sought to withdraw the petition, and an application for withdrawal was filed under Section 12(A) read with Section 60(5) of IBC, Rule 11 of NCLT Rules 2016, and regulation 30A(1)(b) read with 30A(5) of IBBI (IRP for CP) Regulation 2016. The court considered the application and the submissions made. The key fact is the petitioner's request to withdraw the petition, which led to the court's decision to allow the withdrawal and dismiss the petition.
Sign in to view the parties.
Order delivered on the…
The case involves an application for withdrawal of a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was filed under Section 12(A) read with Section 60(5) of IBC, Rule 11 of NCLT Rules 2016, and regulation 30A(1)(b) read with 30A(5) of IBBI (IRP for CP) Regulation 2016.
M/s. BSE Ltd. filed a petition against M/s. MFS Intercorp Ltd. under Section 9 of the IBC. The petitioner sought to withdraw the petition, and an application for withdrawal was filed under Section 12(A) read with Section 60(5) of IBC, Rule 11 of NCLT Rules 2016, and regulation 30A(1)(b) read with 30A(5) of IBBI (IRP for CP) Regulation 2016. The court considered the application and the submissions made. The key fact is the petitioner's request to withdraw the petition, which led to the court's decision to allow the withdrawal and dismiss the petition.
Order delivered on the…