The case involves a 'Corporate Insolvency Resolution Process' initiated against an infrastructure company ('Corporate Debtor'). The assets of the 'Corporate Debtor' are primarily the infrastructure of a specific project meant for sale or allotment to allottees. The core issue is whether the 'Committee of Creditors' can reject a 'Resolution Plan' solely based on insufficient upfront payment, even if the plan is otherwise viable and proposes to complete the project for the benefit of allottees and other creditors. The court notes that the infrastructure assets are transferred to allottees/'Financial Creditors'. The court also considers the concept of 'hair cut' in a 'Resolution Plan', particularly in the context of allottees entitled to infrastructure.

The case involves a 'Corporate Insolvency Resolution Process' initiated against an infrastructure company ('Corporate Debtor'). The assets of the 'Corporate Debtor' are primarily the infrastructure of a specific project meant for sale or allotment to allottees. The core issue is whether the 'Committee of Creditors' can reject a 'Resolution Plan' solely based on insufficient upfront payment, even if the plan is otherwise viable and proposes to complete the project for the benefit of allottees and other creditors. The court notes that the infrastructure assets are transferred to allottees/'Financial Creditors'. The court also considers the concept of 'hair cut' in a 'Resolution Plan', particularly in the context of allottees entitled to infrastructure.