CIRP Withdrawal Allowed: Adjudicating Authority Must Approve if 90% of Creditors Agree Under IBC Sections 7, 9, or 10. https://www.taxtmi.com/highlights?id=50531 Permission to withdraw the CIRP Application - if 90% voting share of Committee of Creditors approves application for withdrawal then Adjudicating Authority to allow for withdrawing the application filed under section 7 or section 9 or section 10 of the Code - The application filed by RP is to be allowed and moratorium order passed under section 14 shall cease to exist. en-us Wed, 04 Dec 2019 11:54:15 +0530 Wed, 04 Dec 2019 11:54:15 +0530 TaxTMI RSS Generator CIRP Withdrawal Allowed: Adjudicating Authority Must Approve if 90% of Creditors Agree Under IBC Sections 7, 9, or 10. https://www.taxtmi.com/highlights?id=50531 Permission to withdraw the CIRP Application - if 90% voting share of Committee of Creditors approves application for withdrawal then Adjudicating Authority to allow for withdrawing the application filed under section 7 or section 9 or section 10 of the Code - The application filed by RP is to be allowed and moratorium order passed under section 14 shall cease to exist. Highlights Insolvency and Bankruptcy Wed, 04 Dec 2019 11:54:15 +0530 https://www.taxtmi.com/highlights?id=50531