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    <title>2026 (10) TMI 315 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>Resolution plans must satisfy statutory feasibility requirements through a complete and accurate information memorandum, particularly where the corporate debtor&#039;s essential land asset depends on regulatory approvals. Creditor claims require reconciliation with final determinations and recoveries, while a corporate guarantor obtains secured financial creditor status through subrogation to the amount paid. A plan cannot assume SEZ de-notification or land-use conversion without the lessor&#039;s consent and regulatory completion; omission of those processes impairs informed bidding. Commercial wisdom cannot cure material inaccuracies or replace reasoned consideration of statutory feasibility objections. Fresh expressions of interest must be invited on a corrected information memorandum under a newly appointed resolution professional.</description>
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