Allowed
In the matter of Ddk Infratech Private Limited [Ia- 4548(MB)2023 in C.P. (IB)-1306(MB)2022]
NCLTIA- 4548(MB)2023 in C.P. (IB)-1306(MB)2022
Case brief
AI extract
What is this about?
The Tribunal allowed an application under Section 12A of the IBC, 2016 filed by Debenture holders for withdrawal of the Corporate Insolvency Resolution Process before the constitution of the Committee of Creditors. The case for withdrawal was adjudicated regarding a pending related application and constituted disposal of the Corporate Resolution Process.
What did the court decide?
The application for withdrawal under Section 12A is allowed; the Corporate Resolution Process (CP 1306/2022) is disposed of along with all pending interlocutory applications.