https://www.taxtmi.com/caselaws?id=415246 Before constitution of the Committee of Creditors, an assignee of the original financial creditor may invoke the pre-Coc withdrawal route under Section 12A of the Insolvency and Bankruptcy Code and Regulation 30A. The assignee is treated as stepping into the shoes of the assignor for the insolvency claim and withdrawal request, so there is no legal bar to seeking withdrawal at that stage. The Resolution Professional, acting in an administrative capacity, cannot insist on an unwarranted substitution application or use later constitution of the Committee of Creditors to defeat a valid pre-Coc withdrawal request. en-us Tue, 30 Nov 2021 00:00:00 +0530 Tue, 30 Nov 2021 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415246 Before constitution of the Committee of Creditors, an assignee of the original financial creditor may invoke the pre-Coc withdrawal route under Section 12A of the Insolvency and Bankruptcy Code and Regulation 30A. The assignee is treated as stepping into the shoes of the assignor for the insolvency claim and withdrawal request, so there is no legal bar to seeking withdrawal at that stage. The Resolution Professional, acting in an administrative capacity, cannot insist on an unwarranted substitution application or use later constitution of the Committee of Creditors to defeat a valid pre-Coc withdrawal request. Case-Laws Insolvency and Bankruptcy Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415246