https://www.taxtmi.com/caselaws?id=414400 The Tribunal allowed the withdrawal of the Company Petition (CP(IB)/03/KOB/2021) under Section 60(5) of the IBC, 2016. The Operational Creditor's application was granted after addressing maintainability concerns raised by the Respondent/Corporate Debtor. Compliance with procedural requirements, including the payment of costs, was crucial in the decision. The Tribunal emphasized that the Applicant fulfilled all conditions, leading to the allowance of the withdrawal application. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 06:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414400 The Tribunal allowed the withdrawal of the Company Petition (CP(IB)/03/KOB/2021) under Section 60(5) of the IBC, 2016. The Operational Creditor's application was granted after addressing maintainability concerns raised by the Respondent/Corporate Debtor. Compliance with procedural requirements, including the payment of costs, was crucial in the decision. The Tribunal emphasized that the Applicant fulfilled all conditions, leading to the allowance of the withdrawal application. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414400