https://www.taxtmi.com/notifications?id=130364 Regulation 30A prescribes the procedure for withdrawal of applications under section 12A: applications must be in Form FA with a bank guarantee covering estimated expenses, filed through the interim or resolution professional depending on stage; the interim resolution professional must submit pre-committee withdrawals to the Adjudicating Authority within three days; post-committee withdrawals are considered by the committee within seven days and require ninety percent voting share for approval, after which the resolution professional files the approval with the Adjudicating Authority within three days; on Adjudicating Authority approval the applicant must deposit actual expenses within three days or the bank guarantee will be invoked. en-us Thu, 25 Jul 2019 00:00:00 +0530 Sat, 27 Jul 2019 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130364 Regulation 30A prescribes the procedure for withdrawal of applications under section 12A: applications must be in Form FA with a bank guarantee covering estimated expenses, filed through the interim or resolution professional depending on stage; the interim resolution professional must submit pre-committee withdrawals to the Adjudicating Authority within three days; post-committee withdrawals are considered by the committee within seven days and require ninety percent voting share for approval, after which the resolution professional files the approval with the Adjudicating Authority within three days; on Adjudicating Authority approval the applicant must deposit actual expenses within three days or the bank guarantee will be invoked. Notifications IBC Thu, 25 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130364