Form No. FORM FA - APPLICATION FOR WITHDRAWAL OF CORPORATE INSOLVENCY RESOLUTION PROCESS - Regulation 30A - Insolvency Resolution Process for Corporate Persons (Omitted)
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Corporate insolvency withdrawal form requires creditor approval, bank guarantee, and authorised filing by the resolution professional. Withdrawal of a corporate insolvency resolution process application is made in Form FA under Regulation 30A and is addressed to the Adjudicating Authority ... Summary
Corporate insolvency withdrawal form requires creditor approval, bank guarantee, and authorised filing by the resolution professional.
Withdrawal of a corporate insolvency resolution process application is made in Form FA under Regulation 30A and is addressed to the Adjudicating Authority through the Interim Resolution Professional or Resolution Professional. The applicant states that the earlier application under the Insolvency and Bankruptcy Code was admitted, seeks withdrawal of that application, requests approval of the Committee of Creditors, and authorises the resolution professional to file the withdrawal application if approved by creditors with ninety per cent voting power. The form also requires the prescribed bank guarantee and specifies who may sign and verify it.
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