Withdrawal of application admitted under section 7, 9 or 10 [ Section 12A ]

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....cess For Corporate Persons) Regulations, 2016- Withdrawal of application ( Regulation 30A) Application for withdrawal [ Regulation 30A(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. [ Regulation 30A(1)(a) ] * the interim resolution professional shall submit the application to the Adjudicating Authority on behalf of the applicant, within three days of its receipt. [ Regulation 30A(3) ] * The Adjudicating Authority may, by order, approve the application submitted submitted under sub-regulation (3) or (5). [ Regulation 30A(6) ] * (b) After the constitution of the co....

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....). Deposit the Actual expenses incurred for the purpose of regulation 30A(2) [ Regulation 30A(7) ] * Where the application is approved under regulation 30A(6), * the applicant shall deposit an amount, towards the actual expenses incurred for the purposes of regulation 30A(2) (a) or (b) till the date of approval by the Adjudicating Authority, * as determined by the interim resolution professional or resolution professional, as the case may be, * within three days of such approval, * in the bank account of the corporate debtor, failing which the bank guarantee received under sub-regulation (2) shall be invoked, without prejudice to any other action permissible against the applicant under the Code. Judicial Interpretation of se....