In view of Section 12A of IBC even during the liquidation period if any person, not barred under Section 29A, satisfy the demand of CoC then such person may move before the Adjudicating Authority by giving offer which may be considered by the CoC, and if by 90% voting share of the CoC, accept the offer and decide for withdrawal of the application under Section 7 of the Code – V. Navaneetha Krishnan Vs. Central Bank of India, Coimbatore & Another- NCLAT New Delhi