M/s C & S Electric Ltd. filed an insolvency application (IB-1340/ND/2018) against M/s Unllec Engineers Ltd. An application (IA No. 663/ND/2021) was filed under Section 12(A) of the Insolvency & Bankruptcy Code, 2016, seeking withdrawal of the insolvency application. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the insolvency application with 100% voting in its 5th meeting held on 22.01.2021. Only one claim from the Operational Creditor was received, after the expiry of the claim submission deadline, and it had not been verified. The court considered these facts and allowed the withdrawal of the insolvency application.

M/s C & S Electric Ltd. filed an insolvency application (IB-1340/ND/2018) against M/s Unllec Engineers Ltd. An application (IA No. 663/ND/2021) was filed under Section 12(A) of the Insolvency & Bankruptcy Code, 2016, seeking withdrawal of the insolvency application. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the insolvency application with 100% voting in its 5th meeting held on 22.01.2021. Only one claim from the Operational Creditor was received, after the expiry of the claim submission deadline, and it had not been verified. The court considered these facts and allowed the withdrawal of the insolvency application.