The Insolvency and Bankruptcy Code, 2016
PART II Insolvency Resolution and Liquidation for Corporate Persons
CHAPTER II Corporate Insolvency Resolution Process(CIRP)
Section 12A: Withdrawal of application admitted under section 7, 9 or 10:
1[12A. 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.]
1. Section 12A inserted by the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018. (w.e.f. 06.06.2018).