The Corporate Insolvency Resolution Process (CIRP) was initiated against a Corporate Debtor. The Committee of Creditors (CoC) convened on June 30, 2018, and unanimously resolved to withdraw the CIRP. This decision was supported by 100% voting share. Consequently, the Resolution Professional (RP) was instructed to file an application for the withdrawal of the proceedings before the relevant authority. The Operational Creditor also filed an application for the withdrawal of the main Company Petition (CP). The Counsel appearing for the Operational Creditor indicated they did not wish to proceed with the matter, as it had been settled after the admission of CIRP against the Corporate Debtor. The court perused the records and, noting the CoC's unanimous decision and the

The Corporate Insolvency Resolution Process (CIRP) was initiated against a Corporate Debtor. The Committee of Creditors (CoC) convened on June 30, 2018, and unanimously resolved to withdraw the CIRP. This decision was supported by 100% voting share. Consequently, the Resolution Professional (RP) was instructed to file an application for the withdrawal of the proceedings before the relevant authority. The Operational Creditor also filed an application for the withdrawal of the main Company Petition (CP). The Counsel appearing for the Operational Creditor indicated they did not wish to proceed with the matter, as it had been settled after the admission of CIRP against the Corporate Debtor. The court perused the records and, noting the CoC's unanimous decision and the