The Interim Resolution Professional (IRP) filed an application (CA-533 of 2020) under Section 12(A) of the IBC seeking withdrawal of the Insolvency Application IB/2241(ND)2019. The Committee of Creditors (COC) deliberated on the issue of withdrawal in its first meeting held on 15.01.2020. The COC approved the withdrawal with a 99.16% voting share. The IRP has been paid his dues. The Operational Creditor, Mr. Harvinder Singh Luthra, sought to withdraw the IB Application. The court considered the submissions and documents on record.

The Interim Resolution Professional (IRP) filed an application (CA-533 of 2020) under Section 12(A) of the IBC seeking withdrawal of the Insolvency Application IB/2241(ND)2019. The Committee of Creditors (COC) deliberated on the issue of withdrawal in its first meeting held on 15.01.2020. The COC approved the withdrawal with a 99.16% voting share. The IRP has been paid his dues. The Operational Creditor, Mr. Harvinder Singh Luthra, sought to withdraw the IB Application. The court considered the submissions and documents on record.