https://www.taxtmi.com/article/detailed?id=9777 Withdrawal of appeal under the Insolvency and Bankruptcy Code arises despite absence of a specific provision in the Code: the appellate tribunal permits withdrawal based on facts and circumstances, often linked to settlements or creditor withdrawal, while Section 12A provides a statutory route for withdrawal of admitted applications with committee of creditors' approval. Permitted withdrawals commonly carry liberty to restore appeals, pursue alternative remedies, seek fresh appeals, or approach the adjudicating authority to expunge adverse observations when appropriate. en-us Mon, 10 May 2021 08:51:55 +0530 Mon, 10 May 2021 08:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9777 Withdrawal of appeal under the Insolvency and Bankruptcy Code arises despite absence of a specific provision in the Code: the appellate tribunal permits withdrawal based on facts and circumstances, often linked to settlements or creditor withdrawal, while Section 12A provides a statutory route for withdrawal of admitted applications with committee of creditors' approval. Permitted withdrawals commonly carry liberty to restore appeals, pursue alternative remedies, seek fresh appeals, or approach the adjudicating authority to expunge adverse observations when appropriate. Articles Corporate Laws / IBC / SEBI Mon, 10 May 2021 08:51:55 +0530 https://www.taxtmi.com/article/detailed?id=9777