# In the matter of CHHOTAGOVINDPUR AND BAGBERA DRINKING WATER SUPPLY PROJECT LIMITED

> Read the full IBC case summary for In the matter of CHHOTAGOVINDPUR AND BAGBERA DRINKING WATER SUPPLY PROJECT LIMITED. NCLT judgment dated 2025-08-07.…

- **Court:** NCLT
- **Order date:** 7 Aug 2025
- **Citation:** TCN-2025-NCLT-01284
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/chhotagovindpur-and-bagbera-drinking-water-supply-project-limited-1c9f5c93

## Summary

### Background

The Corporate Applicant, Chhotagovindpur and Bagbera Drinking Water Supply Project Limited, filed a petition under Section 10 of the IBC, 2016, to initiate the Corporate Insolvency Resolution Process against itself due to significant liabilities and no ongoing operations.

## Facts

Chhotagovindpur and Bagbera Drinking Water Supply Project Limited (CBDWSPL) was incorporated on May 14, 2015, as a special purpose vehicle under the Companies Act, 2013. It was established through a joint venture agreement between Infrastructure Leasing & Financial Services Limited and IL&FS Water Limited to provide piped clean drinking water to approximately 2.50 lakh people across 38 panchayat areas in Jamshedpur, Jharkhand. The company has since ceased ongoing operations.

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## Issues and analysis

### Issue 1: Whether the application filed by the Corporate Applicant under Section 10 of the IBC, 2016, for…

**Ratio:** An application under Section 10 of the IBC, 2016, must be admitted if it is complete and…

**Reasoning:** The Tribunal found that the Corporate Applicant had provided all necessary information,…

**Interpretation:** The court interpreted Section 10 of the IBC, 2016, to mean that the…

**Application:** Given the completeness of the application, the existence of default, and the…

## Parties

- **Judges:** SANJIV…; Venkataraman…
- **Advocates:** Ajay Bha…; Thriyambak…; +5 more

## Timeline

- **May 14, 2015 — Incorporation of…**: Chhotagovindpur and Bagbera Drinking Water…
- **May 25, 2015 — EPC Cont…**: CBDWSPL entered into an Engineering, Procurement, and Construction (EPC) contract with…

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