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Petition u/s 9 was to be allowed withdrawn if parties had already settled dispute before acceptance of plea by AA

October 13, 2020[2020] 120 15 (NCLT-Beng.)

IBC : Where petition under section 9 filed by operational creditor to initiate corporate insolvency process against corporate debtor was not yet admitted by Adjudicating Authority and parities themselves had settled issue, operational creditor was to be allowed to withdraw said petition under section 9

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