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IBC - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Permission to withdraw the CIRP Application - if 90% voting ...

Insolvency and Bankruptcy

December 4, 2019

Permission to withdraw the CIRP Application - if 90% voting share of Committee of Creditors approves application for withdrawal then Adjudicating Authority to allow for withdrawing the application filed under section 7 or section 9 or section 10 of the Code - The application filed by RP is to be allowed and moratorium order passed under section 14 shall cease to exist.

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