Appeal allowed; matter remanded for fresh consideration on specific defects and CoC to re-evaluate under Section 30(2)(b)(ii) and 30(4)

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....NCLAT allowed the appeal and remitted the matter to the adjudicating authority for fresh consideration limited to the specific queries identified by the Tribunal, directing the CoC to re-evaluate the resolution plan in accordance with Section 30(2)(b)(ii) and Section 30(4) of the Code and relevant CIRP regulations. The Tribunal found defects - alleged unequal treatment of creditors of the same class, non-deposit of performance security contravening Regulation 36B(4A), and failure to disclose source of funds and demonstrate feasibility/viability - and held that the AA may direct reconsideration of those elements but cannot order total re-approval of the plan. Appeal allowed by way of remand; parties directed to comply with the SC precedents cited.....