1. Except for the cases where an application to initiate the proceedings is submitted by the debtor, the applicant may waive the same at any time before the Bankruptcy Court issues a decision thereon or before taking any precautionary measures with regard thereto. 2. The Bankruptcy Court shall issue its decision to dismiss the application without prejudice, unless any other person who may submit the application in accordance with this Law has submitted another application or submitted a memorandum of its response to the application and expressed its desire to proceed with the proceedings.
Interpretation and application must be checked against the official text and current version.