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Baron Infotech's Resolution Plan, proposing a merger with Ticker Limited valued at 174.93 Cr and 20 Cr from undisclosed strategic investors, was rejected by the NCLT. The tribunal cited numerous procedural flaws, including the Resolution Professional's premature actions, hurried meetings, and failure to conduct due diligence on the merger entity and undisclosed investors. It also noted the plan offered less than 100% recovery for creditors, unlike competing bids. A new Resolution Professional, Dr. V. Ahalada Rao, is appointed, and a fresh plan invitation is directed to ensure fairness and transparency in the insolvency process.