https://www.taxtmi.com/highlights?id=49124 Application for withdrawal of CIRP - Application by the promoter / corporate debtor approved by the committee of creditors - even if the asset of the ‘Corporate Debtor’ is held to be proceeds of crime, the Adjudicating Authority cannot reject the prayer for withdrawal of application under Section 7, if the ‘Promoter’ / ‘Director’ or ‘Shareholder’ in their individual capacity satisfy the creditors. - AT en-us Thu, 05 Sep 2019 07:30:53 +0530 Thu, 05 Sep 2019 07:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49124 Application for withdrawal of CIRP - Application by the promoter / corporate debtor approved by the committee of creditors - even if the asset of the ‘Corporate Debtor’ is held to be proceeds of crime, the Adjudicating Authority cannot reject the prayer for withdrawal of application under Section 7, if the ‘Promoter’ / ‘Director’ or ‘Shareholder’ in their individual capacity satisfy the creditors. - AT Highlights Insolvency and Bankruptcy Thu, 05 Sep 2019 07:30:53 +0530 https://www.taxtmi.com/highlights?id=49124