Insolvency Proceedings Can Be Withdrawn Even After Invitation Of Resolution Plans Under Regulation 36A : SC [Read Order]
Manu Sebastian
29 Jan 2019 10:00 PM IST
![Insolvency Proceedings Can Be Withdrawn Even After Invitation Of Resolution Plans Under Regulation 36A : SC [Read Order] Insolvency Proceedings Can Be Withdrawn Even After Invitation Of Resolution Plans Under Regulation 36A : SC [Read Order]](https://www.livelaw.in/h-upload/2019/01/18/750x450_supreme-court-3.jpg)
Regulation 30A has to be read subjection to Section 12A IBC, held the Court.
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29 Jan 2019 10:00 PM IST
In a notable order passed recently, the Supreme Court permitted the withdrawal of Corporate Insolvency Resolution Process(CIRP) even after the Resolution Professional issued invitation for expression of interest from resolution applicants to submit resolution plans under Regulation 36A of CIRP Regulations 2016.As per Regulation 30A, withdrawal of insolvency application has to be sought before...
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