T.K. Shamsudin Withdraws Southern Star Hitech Insolvency Petition

• T.K. Shamsudin withdrew Company Petition No. (IB)-116(PB)/2026 against Southern Star Hitech Development Limited under Section 9 of IBC.
• The National Company Law Tribunal, New Delhi Bench, allowed the withdrawal application (New IA-2099/2026) and dismissed the main petition.
• The order was issued on 13 May 2026 by a bench comprising Justice Anupinder Singh Grewal and Shri Ravindra Chaturvedi.
• The respondent company was represented by advocate Mr. Alok Jha during the hybrid hearing.