Guide to IBC | Insolvency and Bankruptcy Code in India
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Withdrawal of application admitted under section 7, 9 or 10

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

 
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 specified.]
 
Foot Note:
 
1 Ins. by Act No. 26 of 2018, sec. 9 (w.e.f. 6-6-2018).