https://www.taxtmi.com/caselaws?id=763623 An admitted Section 7 application under the Insolvency and Bankruptcy Code, 2016 can be withdrawn only in compliance with Section 12A. The Court found no basis to interfere with the order admitting the insolvency proceedings, especially where that admission had already been affirmed by the appellate tribunal. Withdrawal could not be permitted outside the statutory mechanism, so the request for interference failed. en-us Tue, 17 Dec 2024 00:00:00 +0530 Tue, 24 Dec 2024 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763623 An admitted Section 7 application under the Insolvency and Bankruptcy Code, 2016 can be withdrawn only in compliance with Section 12A. The Court found no basis to interfere with the order admitting the insolvency proceedings, especially where that admission had already been affirmed by the appellate tribunal. Withdrawal could not be permitted outside the statutory mechanism, so the request for interference failed. Case-Laws IBC Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763623