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2020 (1) TMI 1250 - Tri - Insolvency and BankruptcyPermission for withdrawal of application - initiation of CIRP - judicial identity of entity to initiate CIRP - It is seen that notice under section 8 of IBC is initiated by the Proprietary firm and even under section 9 it is initiated by proprietary firm, which is not judicial person and it cannot initiate CIRP, in view of section 3(23) of IBC. In view of this, Ld. Counsel for the operational creditor seeks permission to withdraw the application with a liberty to file afresh. HELD THAT:- Matter stands withdrawn and disposed off.
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