The INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020

INSOLVENCY RESOLUTION AND LIQUIDATION FOR CORPORATE PERSONS

Section 12A: Withdrawal of application admitted under section 7, 9 or 10.

The Adjudicating Authority may allow the withdrawal of application admitted under section 7 or section 9 or section 10, on an application made by the applicant with the approval of ninety per cent. voting share of the committee of creditors, in such manner as may be specified.].