NCLT Orders CoC Consideration of JSM Devcons Resolution Plan

NCLT Indore sets aside CoC's rejection of Sanjay Lunawat's delayed resolution plan for JSM Devcons, citing procedural flaws.
Tribunal finds Resolution Professional failed to provide complete litigation records and CoC voted without knowing plan was submitted.
Directs RP to present Lunawat's 23.03.2026 plan to CoC for informed consideration alongside other prospective resolution applicant.
CIRP of JSM Devcons has been ongoing since 2019, with the tribunal emphasizing value maximization objectives of IBC.