2023 (9) TMI 1758

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....n of delay of 14 days in filing the present Appeal. 2. The Appeal has been filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 against the Order dated 21st June, 2023 passed by National Company Law Tribunal, Mumbai Bench, Court III. 3. The reason given in the Application for not approaching this Court within the prescribed period of 30 days and also spending another 14 days thereafter in approaching this Court are that the Impugned Order was reserved on 20.04.2023 and pronounced on 21.06.2023. The Appellant received the e-copy on 13.07.2023. It is averred that the Appellant was oblivious of the provisions of the Code and the rules and regulations and thus, the Appellant failed to take adequate steps to apply for the cer....

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....oving a resolution plan under section 31 may be filed on the following grounds, namely: (i) the approved resolution plan is in contravention of the provisions of any law for the time being in force; (ii) there has been material irregularity in exercise of the powers by the resolution professional during the corporate insolvency resolution period; (iii) the debts owed to operational creditors of the corporate debtor have not been provided for in the resolution plan in the manner specified by the Board; (iv) the insolvency resolution process costs have not been provided for repayment in priority to all other debts; or (v) the resolution plan does not comply with any other criteria specified by the ....