Further, the NCLT, New Delhi vide their order dated 06 September 2019 (Uploaded on 7 October 2019) directed that the petition of Syndicate Bank as Financial creditor stands dismissed as withdrawn as per joint application with Corporate Debtor (the company).
As the petition was not admitted by the Hon'ble Tribunal, permission granted to the petitioner Syndicate Bank to withdraw the petition under Rule 8 of I&B (AAA) Rules, 2018.