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royal prince   01 March 2022

About Insolvency withdraw

hai sir,
this is mahendra kumar mba, llb,, i have a doubt regarding IP filed 7years back can withdraw from bench, which is in summons stage ?
Can U expalin me elaborate ,advantages and any conflicts on it
Thank You


Quick Summary
This discussion addresses whether an insolvency case, filed seven years ago and currently at the summons stage, can be withdrawn. The consensus is that a petitioner can indeed withdraw the suit, but only with the court's permission. The thread aims to explain the process, its advantages, and any potential conflicts or implications for the petitioner's future.

 2 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     01 March 2022

Hello,

Yes, petitioner can withdraw the suit with permission of court. 

royal prince   01 March 2022

is it good to petitioner in future

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