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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM26430
Volume:
7 |
11 |
Nov 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Application admitted under Insolvency and Bankruptcy Code, 2016 (IBC)1 vide section 7,9 or 10 of IBCcould be withdrawn under section 12A of IBC with the approval of ninety per cent voting share of the Committee of Creditors subject to the situations provided under the code. In terms of Regulation 30A of CIRP Regulations, an application for withdrawal under section 12A can be made to the Adjudicating Authority. The procedure for withdrawal of application prior to the constitution of the CoC and after the constitution of the CoC is provided in the code and its regulations. In the present paper the judicial pronouncements are reviewed to trace the several verdicts of Adjudicating Authorities and their observations.
KEYWORDS
Publication Date
2/10/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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