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Vaxtex Cotfab Limited has announced a board meeting to discuss the withdrawal from the Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors recently approved filing a fresh withdrawal application, following the prior application’s retraction by the company’s resolution professional, Mr. Chandra Prakash Jain. The new application has been submitted to the National Company Law Tribunal (NCLT) for withdrawal from insolvency proceedings. This development may restore operational stability and could be viewed positively by investors, as it indicates a potential recovery path for the company's financial health.