Application for withdrawal of CIRP - Application by the promoter ...

Case Laws Insolvency and Bankruptcy

September 5, 2019

Application for withdrawal of CIRP - Application by the promoter / corporate debtor approved by the committee of creditors - even if the asset of the ‘Corporate Debtor’ is held to be proceeds of crime, the Adjudicating Authority cannot reject the prayer for withdrawal of application under Section 7, if the ‘Promoter’ / ‘Director’ or ‘Shareholder’ in their individual capacity satisfy the creditors. - AT

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Application for withdrawal of CIRP - Application by the promoter ...

Case Laws Insolvency and Bankruptcy

September 5, 2019

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