https://www.taxtmi.com/caselaws?id=775482 Eligibility criteria for a resolution applicant must be satisfied on the basis of disclosures and supporting documents filed at the time of submission. Claimed project experience could not include the Luv Nest project because it was not disclosed as a consortium member's project, and the asserted Urban Woods experience was unsupported by completion or occupancy certificates. The consortium also failed to prove Rs. 20 crore committed funds, as the bank communication was only a conditional commitment and not evidence of available deployable funds. On these facts, the rejection of the resolution plan was treated as justified for non-compliance with both eligibility requirements. en-us Mon, 21 Jul 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775482 Eligibility criteria for a resolution applicant must be satisfied on the basis of disclosures and supporting documents filed at the time of submission. Claimed project experience could not include the Luv Nest project because it was not disclosed as a consortium member's project, and the asserted Urban Woods experience was unsupported by completion or occupancy certificates. The consortium also failed to prove Rs. 20 crore committed funds, as the bank communication was only a conditional commitment and not evidence of available deployable funds. On these facts, the rejection of the resolution plan was treated as justified for non-compliance with both eligibility requirements. Case-Laws IBC Mon, 21 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775482