NCLT allows withdrawal of CIRP against Oswal Overseas

The NCLT New Delhi allowed withdrawal of the Corporate Insolvency Resolution Process against Oswal Overseas. CIRP was initiated on 8 June 2026 after a petition by L H Sugar Factories. The company settled with its sole financial creditor SBI, with a demand draft of Rs 2.80 crore already paid. The Committee of Creditors approved the settlement with 100 percent voting. The company is now restored, the moratorium lifted, and the Interim Resolution Professional discharged.