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2020 (9) TMI 376 - AT - Insolvency and BankruptcyRequest for withdrawal of original Application filed under Section 9 of IBC - HELD THAT:- Considering Judgement of the Hon’ble Supreme Court in the matter of SWISS RIBBONS PVT. LTD. AND ANR. VERSUS UNION OF INDIA AND ORS. [2019 (1) TMI 1508 - SUPREME COURT], in exercise of powers under Rule 11 of National Company Law Appellate Tribunal Rules, 2016, we accept the request made by the Counsel for Appellant and Counsel for Respondent No.1. The request of Respondent No.1 is that the Respondent No.1 wants to withdraw the original Application filed under Section 9 of IBC, in view of the settlement reached by the parties. Respondent No.1 is permitted to withdraw the original Application filed before the Adjudicating Authority - Appeal allowed.
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