Tribunal Orders Review of Revised Plan Despite Initial Rejection

The Tribunal directed the CoC and RP to consider a revised plan submitted by PSN Medicare Pvt. Ltd. within 7 days, despite RP's initial rejection under section 29A(e) of IBC. CoC to assess plan's eligibility and commercial viability. IA No.968/2020 disposed of, pending IAs listed for 29.04.2021.

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The Tribunal directed the Committee of Creditors (CoC) and Resolution Professional (RP) to consider a revised plan submitted by PSN Medicare Private Limited within 7 days, despite RP's rejection of the plan under section 29A(e) of IBC. The CoC can assess the plan's eligibility and commercial viability. IA No.968/2020 was disposed of, and pending IAs were listed for 29.04.2021.

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