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2019 (12) TMI 1141 - Tri - Insolvency and BankruptcyInitiation of CIRP - Permission for withdrawal of company petition - Parties settled the matter - Section 12A Read with Regulation 30A of IBBI (CIRP) Regulations, 2016 - HELD THAT:- Interim Resolution Professional stated that he has received full fee and cost of publication. The Committee of Creditors is not yet constituted. The Procedure prescribed under Regulation 30A of IBBI (Insolvency Resolution Process for Corporate Persons), 2016 has been followed. This tribunal has power under Section 12A Read with Regulation 30A of IBBI (Insolvency Resolution Process for Corporate Persons) 2016 permitting for withdrawal of the application even after admission of Petition. Petition disposed of as Withdrawn under Section 12A of Insolvency and Bankruptcy Code, 2016.
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