Mr. Madhur Jindal, represented by RP Vishnu Upadhyay, filed an application under Section 60(5) of the IBC, 2016, read with Rule 11 of the Insolvency & Bankruptcy Rules, 2019, seeking withdrawal of the application. Mr. Jindal was the personal guarantor for credit facilities obtained by M/s Aarti Suitings Pvt. Ltd. and M/s Adig Jemtex Pvt. Ltd. from the Bank of Baroda. The Bank of Baroda accepted a compromise proposal, leading to the application for withdrawal. The court heard Mr. Amol Vyas, appearing for the Applicant, and Mr. Vishnu Upadhyay, RP, who was present in person. The key fact is the acceptance of the compromise proposal by the Bank of Baroda, which prompted the withdrawal application.

Mr. Madhur Jindal, represented by RP Vishnu Upadhyay, filed an application under Section 60(5) of the IBC, 2016, read with Rule 11 of the Insolvency & Bankruptcy Rules, 2019, seeking withdrawal of the application. Mr. Jindal was the personal guarantor for credit facilities obtained by M/s Aarti Suitings Pvt. Ltd. and M/s Adig Jemtex Pvt. Ltd. from the Bank of Baroda. The Bank of Baroda accepted a compromise proposal, leading to the application for withdrawal. The court heard Mr. Amol Vyas, appearing for the Applicant, and Mr. Vishnu Upadhyay, RP, who was present in person. The key fact is the acceptance of the compromise proposal by the Bank of Baroda, which prompted the withdrawal application.