# In the matter of Clarion Township Pvt.  Ltd. IB-410-ND-2020

> NCLT judgment dated 2022-06-01. Citation: TCN-2022-NCLT-02497. The case involves an application under Regulation 13(2)(d) read with Regulation 17 of the IBBI…

- **Court:** NCLT
- **Order date:** 1 Jun 2022
- **Citation:** TCN-2022-NCLT-02497
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/clarion-township-pvt-ltd-ib-410-nd-2020-5e994f32

## Summary

### Background

The case involves an application under Regulation 13(2)(d) read with Regulation 17 of the IBBI (IRP for CP) Regulations 2016 and Section 60(5) of the IB Code 2016. The application was filed on behalf of the IRP to place on record the list of creditors and report on the constitution of the Committee of Creditors (CoC) of the Corporate Debtor, supported by an affidavit.

## Facts

Canara Bank (Syndicate Bank) is the petitioner. M/s. Clarion Townships Pvt. Ltd. is the respondent. An application was filed under Regulation 13(2)(d) read with Regulation 17 of the IBBI (IRP for CP) Regulations 2016 and Section 60(5) of the IBC Code 2016. The application was filed by the IRP to place on record the list of creditors and the report on the constitution of the Committee of Creditors (CoC) of the Corporate Debtor, supported by an affidavit. The NCLT took the list of creditors and the report of the Constitution of CoC on record. The application was allowed.

## Issues and analysis

### Issue 1: Whether the application to place on record the list of creditors and the report on the constitution …

**Ratio:** Regulation 13(2)(d) read with Regulation 17 of the IBBI (IRP for CP) Regulations 2016 and

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**Reasoning:** The court considered the application filed by the IRP, along with the supporting

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**Interpretation:** Regulation 13(2)(d) and Regulation 17 of the IBBI (IRP for CP) Regulations

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** P.S.N. P…; RAHUL BHA…
- **Appellants:** Canara Bank…
- **Respondents:** M/S Clarion…

## Timeline

- **2022-06-01 — Order Del…**: Order delivered on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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