Withdrawal of CIRP allowed based on unconditional consent accorded by sole Financial Creditor

Cosmo World Vs Victory Electric Vehicles International Limited (NCLT Delhi) NCLT Delhi held that application filed u/s. 12A of Insolvency and Bankruptcy Code [IBC] for withdrawal of CIRP allowed as unconditional consent accorded by the sole Financial Creditor. Accordingly, application allowed. Facts- The instant interlocutory application by Mrs. Neha Bhasin; the Resolution Professional of M/s. Victory Electric Vehicles International Limited (“Corporate Debtor”), is filed u/s 12A of the Insolvency and Bankruptcy Code, 2016 read with Regulation 30A of the Insolvency and Bankruptcy Bo...