New Delhi, April 20 -- Solicitor General Tushar Mehta, appearing for the Committee of Creditors (CoC), on Monday defended the integrity of the resolution process in the insolvency proceedings of Jaypee Infratech before the National Company Law Appellate Tribunal (NCLAT), asserting that the evaluation framework was transparent, binding, and immune to post-submission alterations.

Mehta submitted that the resolution process was anchored in a detailed and pre-disclosed scoring mechanism forming part of the Request for Resolution Plan (RFRP) and process note. This evaluation matrix assigned weighted scores across key financial parameters, including upfront cash recovery for creditors, deferred payment commitments, and equity infusion earmarke...