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Petitioner was allowed to withdraw CIRP plea filed u/s 7 when both parties mutually settlement debt

December 20, 2019[2020] 113 taxmann.com 192 (NCLT-Beng.)
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IBC : Where during pendency of application filed under section 7 both parties arrived at mutual settlement regarding payment of debt, since petition filed by applicant had not been admitted yet, applicant was to be allowed to withdraw petition filed under section 7

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