WebThe Committee of Creditors held that promoters and other shareholders of corporate debtor can settle the insolvency and file an application under Section 12A of the Insolvency and … WebTHE INSOLVENCY AND BANKRUPTCY CODE, 2016 NO. 31 OF 2016 [28th May, 2016] [AMENDED UPTO 18-03-2024] An Act to consolidate and amend the laws relating to …
Withdrawal of an application Under IBC - TaxGuru
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Web26 Jan 2024 · Section 12A provides that an application for withdrawal may be made by an applicant after obtaining consent from the committee of creditors (“CoC”). It further … Web26 Apr 2024 · Section 12A of the Insolvency and Bankruptcy Code, 2016 allows the applicant for CIRP to approach the Adjudicating Authority for withdrawing the application, subject to obtaining approval from 90% voting share of the CoC 2. The provision must be read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency … Web24 Mar 2024 · Section 12A was to be read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) … diploma in counselling psychology singapore