Section 9 - Insertion of new section 12A- Withdrawal of application admitted under section 7, 9 or 10 - Insolvency and Bankruptcy Code (Second Amendment) Act, 2018

Insertion of new section 12A 9. After section 12 of the principal Act, the following section shall be inserted, namely:- Withdrawal of application admitted under section 7, 9 or 10 12A. 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. .