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        IBC

        Rule 11 - Withdrawal of application

        Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019

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        Withdrawal of insolvency application requires applicant request before admission or creditor supermajority approval after admission. Rule 11 permits withdrawal of an application for insolvency resolution of personal guarantors: the Adjudicating Authority may allow withdrawal on the applicant's request before admission; after admission, withdrawal is permitted only on the applicant's request with creditor supermajority approval and must be made using the prescribed form for post admission withdrawal.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Withdrawal of insolvency application requires applicant request before admission or creditor supermajority approval after admission.

                          Rule 11 permits withdrawal of an application for insolvency resolution of personal guarantors: the Adjudicating Authority may allow withdrawal on the applicant's request before admission; after admission, withdrawal is permitted only on the applicant's request with creditor supermajority approval and must be made using the prescribed form for post admission withdrawal.


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