Withdrawal request in writ of declaration allowed

Empee Distilleries Limited Vs CIT (Madras High Court) Madras High Court has allowed withdrawal request of the petitioner in the Writ of Declaration filed in order to declare the demand order issued against the petitioner quashed in view of the resolution plan. Facts- Empee Distilleries Limited (EDL) is a public limited company incorporated in India. At the instance of creditor banks, EDL went into Corporate Insolvency Resolution Proceedings (CIRP) under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT) Chennai made an order approving a resolution plan. The plan...