IBBI NCLAT Delhi Judgement Dated 11/07/2025 – NCLAT allows CIRP withdrawal amidst revival efforts 

Case of Udit Harish Seth vs Bank of Baroda, NCLAT Delhi Judgement Dated 11th July 2025. The appellant tribunal has permitted the withdrawal of Corporate Insolvency Resolution Process (CIRP) proceedings against M/s SE Transstadia Pvt. Ltd., acknowledging a government backed revival plan and the consensus among financial creditors. Thus, it halts the insolvency process initiated by the Bank of Baroda. 

(NCLAT Delhi Judgement Dated 11/07/2025)

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