https://www.taxtmi.com/caselaws?id=425829 Before constitution of the Committee of Creditors, the tribunal may permit withdrawal of CIRP on settlement and Form FA where the relevant facts support that course. Objecting operational creditors were held not to have locus to block consideration of the withdrawal request, especially when they could pursue separate section 9 proceedings. On the facts, settlement between the parties and full payment of the interim resolution professional's fees supported withdrawal, and the CIRP was terminated with the interim resolution professional discharged. en-us Thu, 21 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425829 Before constitution of the Committee of Creditors, the tribunal may permit withdrawal of CIRP on settlement and Form FA where the relevant facts support that course. Objecting operational creditors were held not to have locus to block consideration of the withdrawal request, especially when they could pursue separate section 9 proceedings. On the facts, settlement between the parties and full payment of the interim resolution professional's fees supported withdrawal, and the CIRP was terminated with the interim resolution professional discharged. Case-Laws Insolvency and Bankruptcy Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425829