CIRP withdrawal without application filed by applicant who initiated CIRP not allowable: NCLAT Delhi
Case Law Details
Case Name : Vidyadhar Sarfare & Anr Vs CS Anagha Anasingharaju & Ors. (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Insolvency) No. 1733 of 2024
Date of Judgement/Order : 18/12/2024
Related Assessment Year :
Courts :
NCLAT
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Vidyadhar Sarfare & Anr Vs CS Anagha Anasingharaju & Ors. (NCLAT Delhi)
NCLAT Delhi held that the Application for withdrawal can be filed only by the Applicant who initiated the Corporate Insolvency Resolution Process [CIRP], hence, withdrawal under Section 12A is not permissible. Accordingly, application for withdrawal of CIRP
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