Yes Yes You are correct. I misread the following to mean that CM should present a revised proposal to satisfiy the UST.
( I also was reading before this wording that the court gave him and his council opportunity to tone it down and present info to prove ... which the judge comments that they failed to do, thus the denial as you point out.)
Debtor and the Committee shall file a revi
sed Joint Disclosure Statement and Plan by
December 15, 2014, with a redlined copy to
be lodged with the Courtroom Deputy. The
approval of the Joint Disclosure Statemen
t is CONTINUED to December 19, 2014 at 10:00
a.m. Objections to the revised documents
may be raised orally at the hearing