TMI Blog2021 (5) TMI 1017X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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. - COMPANY APPEAL (AT) (INS.) NO. 364 OF 2021 - - - Dated:- 21-5-2021 - JUSTICE JARAT KUMAR JAI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may be stayed, till next date of hearing. Learned Counsel appearing on behalf of the Resolution Professional/R-1 submits that the Appellants being a Shareholders have not raised any objection before the Adjudicating Authority, therefore, they have no locus-standy to file this Appeal. It is also submitted that by the Impugned Order Learned Adjudicating Authority approved the Resolution Plan, th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13.01.2020. In 13th Meeting COC has approved the Resolution Plan by 100% voting share in favour of the Resolution Plan and the Learned Adjudicating Authority by the Impugned Order approved the Resolution Plan. In such circumstances, it is requested that the Appeal be dismissed at motion stage. We have considered the submissions we are of the view that Learned Counsel for the Appellants has fai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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