Mr Rohit Kumar Gupta and Anr. v. Sbfc Finance Private Ltd. and Anr.
Case brief
What is this about?
The Adjudicating Officer allowed the applicant to withdraw the stock application (SA) upon filing a withdrawal petition due to assignment of the loan to a new creditor. The SA and other pending applications were disposed of, and the applicant was permitted to file a fresh SA within the limitation period.
What did the court decide?
Withdrawal of SA allowed; SA and pending IAs disposed; applicant may file fresh SA within limitation period.