Insolvency and Bankruptcy Code (IBC) – Section-12A

Withdrawal of application admitted under section 7, 9 or 10

Section 12A: Withdrawal of application admitted under section 7, 9 or 10.

1[12A. The Adjudicating Authority may allow the withdrawal of application admitted under section 7 or section 9 or section 10, on an application made by the applicant with the approval of ninety per cent. voting share of the committee of creditors, in such manner as may be prescribed.]

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