The case involves a Corporate Insolvency Resolution Process (CIRP) application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Operational Creditor (OC) sought permission to withdraw the Corporate Petition (CP).
The Operational Creditor (OC) filed a Corporate Petition (CP) under the Insolvency and Bankruptcy Code (IBC). The OC subsequently sought oral permission from the National Company Law Tribunal (NCLT) to withdraw the CP. The court granted the permission, and the CP was disposed of as withdrawn. The OC was given the liberty to file another fresh CP. An Interlocutory Application (I.A.) related to the main CP was also disposed of following the withdrawal order.
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The case involves a Corporate Insolvency Resolution Process (CIRP) application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Operational Creditor (OC) sought permission to withdraw the Corporate Petition (CP).
The Operational Creditor (OC) filed a Corporate Petition (CP) under the Insolvency and Bankruptcy Code (IBC). The OC subsequently sought oral permission from the National Company Law Tribunal (NCLT) to withdraw the CP. The court granted the permission, and the CP was disposed of as withdrawn. The OC was given the liberty to file another fresh CP. An Interlocutory Application (I.A.) related to the main CP was also disposed of following the withdrawal order.
Order sheet of…
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