Abhas,
While I cannot dispute your mathematical abilities (which is obvious), we may not agree entirely on your model. E = mc2, may not be correct, but if it is, then that equivalence suggests that where energy density is non-zero, we cannot talk of zero mass. Moreover, in the intensely dense and hot environment that must be present near singularities, matter cannot be stable, only radiation will.
Then concerning your remark, "However this does not mean that such a singularity actually forms, this is so because the comoving proper time for formation of a zero mass BH is Infinite. So continued GR collapse can only asymptotically strives to achieve this elusive singular state. Hence, continued GR collapse must give rise to Eternally Collapsing Objects (ECOs) rather than BHs or true spacetime singularities."
Again, another point of departure from my position. 'Proper-time' is the time taken for light to travel a 'proper-distance', according to GR language. Obviously, if light velocity is zero, 'Proper-time' will be infinite. To grasp my point, do you acknowledge that the proper-time in a vacuum as far as Sound is concerned is infinite? As far as Sound is concerned, 'vacuum' is a form of singularity. This illustrates that in a physics founded on the velocity of 'something', be it light or sound, the fact that that something takes an infinite time to travel within a physical entity, does not mean that collapsing or expansion from singularities will take an infinite time. Our existing and expanding universe bears this witness, and formation of vacuum in the laboratory does the same. Where space-time is non-existent, light cannot travel. And space-time according to the singularity theorems is 'non-existent' in cosmological singularities (I hope I am right?). In short, infinite proper-time does not mean that collapse is an eternal process and will take an infinite time.
If you have any comment or criticism of my model, would be glad to know.
Regards,
Akinbo