IMO you are correct except in the case of CM providing the information the court is requesting/suggesting. That is in these documents as well.

The court explains why CM's plan would be dificult and cost more and be problematic. Yet is offers more time and refinement of the plan. Why? But mostly, which plan is going to be the best for shareholders/us? Which plan is going to move the stock higher? Which plan is going to make money for everyone ( creditors, CM and stock holders)? Notice I didn't say DL.... he seems to have already gotten way more than deserved!