Question

The withdrawal of the application admitted under section 7 or section 9 or section 10 may be withdrawn on an application made by the applicant with the approval of ninety per cent voting share of the committee of creditor, if allowed by ____________________as per IBC.

Q: Answer-The withdrawal of the application admitted under section 7 or section 9 or section 10 may be withdra...

Section 12-Time-limit for completion of insolvency resolution process 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 prescribed.