https://www.taxtmi.com/caselaws?id=781314 NCLAT held the CIRP defective for failing to value and disclose all assets as required by Reg 35, finding the RP erred in assigning nil value and omitting several assets from the information memorandum. The bench affirmed that "assets" under the IBC include all types (not only fixed assets), rendering the CoC's commercial decision vitiated by incomplete information. Given the delay and non-implementation of the plan, NCLAT directed issuance of a fresh Form G and ordered the entire process, including reconsideration of the resolution plan, be completed within three months. Appeal disposed. en-us Tue, 11 Nov 2025 00:00:00 +0530 Thu, 13 Nov 2025 17:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781314 NCLAT held the CIRP defective for failing to value and disclose all assets as required by Reg 35, finding the RP erred in assigning nil value and omitting several assets from the information memorandum. The bench affirmed that "assets" under the IBC include all types (not only fixed assets), rendering the CoC's commercial decision vitiated by incomplete information. Given the delay and non-implementation of the plan, NCLAT directed issuance of a fresh Form G and ordered the entire process, including reconsideration of the resolution plan, be completed within three months. Appeal disposed. Case-Laws IBC Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781314