Withdrawal of application

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cation, as determined by the resolution professional: Provided that such application shall not be made - (a) before the constitution of the committee under sub-section (1) of section 21; and (b) after the issue of invitation for expression of interest under regulation 36A. (2) Where the application is approved by the Adjudicating Authority, the person furnishing the bank guarantee or a demand draft under sub-regulation (1) shall deposit the amount towards the actual expenses incurred for the purposes referred to in sub-regulation (1), till the date of approval by the Adjudicating Authority, as determined by the resolution professional within three days of such approval, to the bank account of the corporate debtor, fa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n submitted under sub-regulation (4).]" 3. Substituted vide Notification No. IBBI/2022-23/GN/REG091 dated 13-09-2022 before it was read as, "Schedule" 4.  Substituted vide F. No. IBBI/2026-27/GN/REG152 dated 01-06-2026 w.e.f. 02-06-2026 before it was read as, "^2[30A. Withdrawal of application. (1) An application for withdrawal under section 12A may be made to the Adjudicating Authority - (a) before the constitution of the committee, by the applicant through the interim resolution professional; (b) after the constitution of the committee, by the applicant through the interim resolution professional or the resolution professional, as the case may be: Provided that where the a....