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<h1>Withdrawal of insolvency application allowed with supermajority creditor approval, subject to adjudicating authority's sanction and prescribed procedure.</h1> The Adjudicating Authority may permit withdrawal of an insolvency commencement application where the applicant obtains approval of a supermajority of the committee of creditors and follows the prescribed manner, with the authority retaining sanction over such withdrawal and procedural details specified by rule.