Well, if you have only Corona and not V-Ray installed, and you try to load something that uses Vray materials, it will not work.
So you will have to replace all materials with either some standard material that all renderers understand, or with new Corona materials. But you probably will loose all previous material properties (color, glossiness, reflectance, bitmap assignments).
A simple piece of MAXScript code to remove the broken materials from all scene objects would be:
objects.material = undefined
But maybe you could install a trial version of Vray, load the files with all their vray material properties, and then convert them to something usable?
Or you could try the Corona Converter?
Martin B
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