2018 (3) TMI 1909 - Tri - Insolvency and Bankruptcy

Permission for withdrawal of petition - Service of Demand notice - demand notice was not sent by the learned counsel with prior authorisation - also original documents have not been properly annexed - HELD THAT - The petitioner-operational creditor is permitted to withdraw the instant petition with liberty to file fresh petition with better particulars on the same cause of action.

Summary

The National Company Law Tribunal, Chandigarh allowed the petitioner-operational creditor to withdraw the petition due to issues with the demand notice and annexing of original documents. The petitioner was granted liberty to file a fresh petition with improved particulars on the same cause of action. (2018 (3) TMI 1909)