# In the matter of Reliance Communications Infrastructure Ltd.

> NCLT judgment dated 2023-10-17. Citation: TCN-2023-NCLT-01156. The case involves multiple Interlocutory Applications (IAs) filed in connection with a…

- **Court:** NCLT
- **Order date:** 17 Oct 2023
- **Citation:** TCN-2023-NCLT-01156
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/reliance-communications-infrastructure-ltd-a11ceaf9

## Summary

### Background

The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The IAs include requests for approval of a resolution plan, directions for convening a Committee of Creditors (CoC) meeting, and filing of written submissions. The resolution plan was submitted by Reliance Projects & Property Management Services Limited.

## Facts

The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Reliance Communication Infrastructure LTD. Several Interlocutory Applications (IAs) have been filed in the matter, including IA 1943/2020, IA 2159/2021, IA 2429/2021, and IA 127/2022. Bank of Baroda, an Assenting Financial Creditor, filed IA 127/2022 concerning the Resolution Plan dated 17.07.2020 submitted by Reliance Projects & Property Management Services Limited. The Applicant sought directions from the Tribunal to convene a CoC meeting to decide the distribution manner amongst the Financial Creditors as stipulated in clause No. 1.2.13 of the Resolution Plan. The CoC had previously approved a resolution in its 18th meeting on August 05, 2021, regarding the re-allocation

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## Issues and analysis

### Issue 1: Whether the Tribunal should direct the convening of a CoC meeting to decide the manner of …

**Ratio:** The Tribunal has the power to direct the convening of a CoC meeting to ensure the proper

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**Reasoning:** The court reasoned that convening a CoC meeting would clarify the understanding between

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**Interpretation:** This interprets the Tribunal's authority to oversee the CIRP process and ensure

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**Application:** The Tribunal applied this principle by directing the erstwhile Resolution

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## Parties

- **Judges:** SH. PRABHAT…; V.G. B…
- **Appellants:** State Bank of…
- **Respondents:** RELIANCE COMMUNICA…

## Timeline

- **2020-01-01 — IA 1943/…**: Interlocutory…
- **2021-01-01 — IA 2159/…**: Interlocutory…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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