The State Bank of India (SBI), acting as the lead of the Committee of Creditors (CoC), filed a Withdrawal Memo. This action occurred after SBI received a Demand Draft for ₹35 Lakhs. These funds were intended to cover the costs associated with the Corporate Insolvency Resolution Process (CIRP). The funds originated from the Promoter-Director of the Respondent Company. The withdrawal was made in accordance with an order previously issued by the Supreme Court on August 14, 2018, in the case of State Bank of India versus V.Ramakrishnan & ANR (Civil Appeal No: 3595 of 2018). The NCLT subsequently dismissed the Company Application as withdrawn.

The State Bank of India (SBI), acting as the lead of the Committee of Creditors (CoC), filed a Withdrawal Memo. This action occurred after SBI received a Demand Draft for ₹35 Lakhs. These funds were intended to cover the costs associated with the Corporate Insolvency Resolution Process (CIRP). The funds originated from the Promoter-Director of the Respondent Company. The withdrawal was made in accordance with an order previously issued by the Supreme Court on August 14, 2018, in the case of State Bank of India versus V.Ramakrishnan & ANR (Civil Appeal No: 3595 of 2018). The NCLT subsequently dismissed the Company Application as withdrawn.