https://www.taxtmi.com/caselaws?id=291971 Where settlement was reached before constitution of the Committee of Creditors, a pending withdrawal request under Rule 11 could not be rendered infructuous by directing further insolvency steps first. The Adjudicating Authority was required to consider withdrawal on its own merits, and the admission order under Section 9 of the Insolvency and Bankruptcy Code was set aside because the insolvency process had not advanced to a stage that barred withdrawal; the separate Section 7 proceeding by another creditor was left unaffected. en-us Thu, 30 Jan 2020 00:00:00 +0530 Mon, 31 May 2021 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291971 Where settlement was reached before constitution of the Committee of Creditors, a pending withdrawal request under Rule 11 could not be rendered infructuous by directing further insolvency steps first. The Adjudicating Authority was required to consider withdrawal on its own merits, and the admission order under Section 9 of the Insolvency and Bankruptcy Code was set aside because the insolvency process had not advanced to a stage that barred withdrawal; the separate Section 7 proceeding by another creditor was left unaffected. Case-Laws Insolvency and Bankruptcy Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291971