Section 12A The Insolvency and Bankruptcy Code, 2016

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.]

 

Amendment

1Ins. by Act No. 26 of 2018, sec. 9 (w.e.f. 6-6-2018).