Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2021 (6) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (6) TMI 195 - Tri - Companies LawWithdrawal of CIRP application admitted under section 7 of IC, 2016 - HELD THAT:- As per section 12A of the Code, the Adjudicating Authority may allow the withdrawal of application admitted under sections 7, 9 or 10, on an application made by the applicant with the approval of ninety per cent voting share of the committee of creditors - It is seen from the record that the CoC has by 100% votes approved the withdrawal of the underlying Company Petition. Further, the Applicant has submitted that the entire settlement amount has already been paid. It is also submitted that the CIRP cost has also been paid. There are no impediment in allowing the present application - application allowed.
|