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2020 (7) TMI 677 - Tri - Insolvency and BankruptcyApproval of Resolution Plan - CIRP process - scope of the committee of creditors to look into the matter - HELD THAT:- The unsuccessful resolution applicant has filed this application. There is no merit in the stand of the applicant, the applicant was given opportunities to revise and submit better plan. Both the resolution applicant were treated at par. In fact, this resolution applicant wanted to participate and submit its resolution plan after the deadline. The committee of creditors has allowed the same and has accepted the plan of the applicant for evaluation. Hence, from the records it is clear that the scoring of the successful applicant is more than that of the applicant. Hence, the allegation of this applicant that there is error in marking of score by the committee of creditors is not correct and not acceptable. The evaluation matrix applied was same for both the parties. The opportunities to submit revised resolution plan was given to both the parties. Both the resolution applicants participated in the meeting. Hence, no discrimination apparently on the face of it. Both the resolution applicants were treated at par and equal opportunities were given to submit the plan/revised the plan and to participate in the meetings. There is no discrimination per se - The decision of the committee of creditors to approve the resolution plan of the M/s. Sterlite Power Transmission Ltd., is upheld. Application dismissed.
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