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        Case ID :
        Insolvency and Bankruptcy

        Approval of Resolution Plan - Corporate Debtor is MSME - CIRP...

        MSME Resolution Plan Rejected Due to Confidentiality Breach and Inaccurate Asset Assumptions; Returned to Creditors for Resubmission.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Approval of Resolution Plan - Corporate Debtor is MSME - CIRP process - there was compromise of confidentiality regarding liquidation value which appears to have been known to the Respondent No.2 before submitting the Resolution Plan. Apart from this the plant and machinery were not owned by the Corporate Debtor, and the Resolution Plan submitted on the hypothesis that the plant and machinery would be available for business and explanation is clearly a Plan which is not feasible and viable. - matter remitted back to the Adjudicating Authority with a direction to send back the Resolution Plan to the Committee of Creditors to resubmit the Plan - AT
                                Note: It is a system-generated summary and is for quick reference only.
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