Santosh Steel Corporation, the operational creditor/applicant, initiated a corporate insolvency resolution process against Dak Rolls Pvt. Ltd., the corporate debtor/respondent, under Section 9 of the IBC, 2016. The applicant, Sourabh Malpani, CA, representing the operational creditor, appeared before the NCLT Jaipur Bench and submitted that they did not want to proceed with the case. They requested an unconditional withdrawal of the petition. The court, after hearing the submission, allowed the withdrawal of IA No. 42/JPR/2022 and dismissed CP No. (IB)-240/9/JPR/2019 as withdrawn.

Santosh Steel Corporation, the operational creditor/applicant, initiated a corporate insolvency resolution process against Dak Rolls Pvt. Ltd., the corporate debtor/respondent, under Section 9 of the IBC, 2016. The applicant, Sourabh Malpani, CA, representing the operational creditor, appeared before the NCLT Jaipur Bench and submitted that they did not want to proceed with the case. They requested an unconditional withdrawal of the petition. The court, after hearing the submission, allowed the withdrawal of IA No. 42/JPR/2022 and dismissed CP No. (IB)-240/9/JPR/2019 as withdrawn.