1.8.11 The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
11. Withdrawal of application. ―
(1) The Adjudicating Authority may permit withdrawal of the application submitted under rule 6 or rule 7, as the case may be,-
(a) before its admission, on a request made by the applicant;
(b) after its admission, on the request made by the applicant, if ninety per cent. of the creditors agree to such withdrawal.