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Insolvency and Bankruptcy Code, 2016

Section 12A: Withdrawal of application admitted under section 7, 9 or 10

Chapter II — Corporate Insolvency Resolution Process

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 specified.]

Source: official text of the Insolvency and Bankruptcy Code, 2016.