CIRP Withdrawal Allowed: Adjudicating Authority Must Approve if 90% of Creditors Agree Under IBC Sections 7, 9, or 10.

Permission to withdraw the CIRP Application - if 90% voting share of Committee of Creditors approves application for withdrawal then Adjudicating Authority to allow for withdrawing the application filed under section 7 or section 9 or section 10 of the Code - The application filed by RP is to be allowed and moratorium order passed under section 14 shall cease to exist. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X