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2021 (5) TMI 1017 - AT - Insolvency and BankruptcyMaintainability of appeal - material irregularity in exercise of powers by the Resolution Professional during the Corporate Insolvency Resolution Period - Section 61(3)(ii) of IBC - HELD THAT:- Learned Counsel for the Appellants has failed to point out that there is any material irregularity in exercise of powers by the Resolution Professional during the Corporate Insolvency Resolution Period. The Promoters are failed to comply their one-time settlement proposal till 31st December, 2019. Appeal dismissed.
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