GK Sons Engineering Enterprises Pvt Ltd filed a petition against UCAL Products Pvt Ltd under Section 9 of the IBC, 2016. The petitioner, GK Sons Engineering Enterprises Pvt Ltd, sought to withdraw the petition. The counsel for the petitioner, Mr. Sarath Babu, and the counsel for the respondent, Mr. Roshan Atiq, were present through video conferencing. The petitioner also sought the liberty to file a fresh application under the relevant provisions of the Code. The corporate debtor's counsel did not object to the withdrawal. The tribunal allowed the withdrawal but denied the liberty to revive the petition.

GK Sons Engineering Enterprises Pvt Ltd filed a petition against UCAL Products Pvt Ltd under Section 9 of the IBC, 2016. The petitioner, GK Sons Engineering Enterprises Pvt Ltd, sought to withdraw the petition. The counsel for the petitioner, Mr. Sarath Babu, and the counsel for the respondent, Mr. Roshan Atiq, were present through video conferencing. The petitioner also sought the liberty to file a fresh application under the relevant provisions of the Code. The corporate debtor's counsel did not object to the withdrawal. The tribunal allowed the withdrawal but denied the liberty to revive the petition.