An application was filed seeking withdrawal under Section 30A(1)(a) of the Insolvency & Bankruptcy Board of India Regulations, 2016. The Hon'ble NCLAT directed the application for withdrawal to be filed within two weeks, and it was filed on 11.02.2020. The application was supported by annexures, Form-FA dated 19.11.2019, and an affidavit from the operational creditor. The representative of the Respondent highlighted the NCLAT order. The tribunal considered these factors and allowed the withdrawal, leading to the CIRP being withdrawn, restoration of suspended directors' powers, and the Interim Resolution Professional being directed to hand over assets to the Corporate Debtor's board.

An application was filed seeking withdrawal under Section 30A(1)(a) of the Insolvency & Bankruptcy Board of India Regulations, 2016. The Hon'ble NCLAT directed the application for withdrawal to be filed within two weeks, and it was filed on 11.02.2020. The application was supported by annexures, Form-FA dated 19.11.2019, and an affidavit from the operational creditor. The representative of the Respondent highlighted the NCLAT order. The tribunal considered these factors and allowed the withdrawal, leading to the CIRP being withdrawn, restoration of suspended directors' powers, and the Interim Resolution Professional being directed to hand over assets to the Corporate Debtor's board.