The case pertains to a Company Petition (IB) No. 236/KB/2023 filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy Rules, 2016, by Bihar E-Governance Services & Technologies Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor is a special purpose vehicle (SPV) with 50-50 per cent shareholding between IL&FS and Bihar State Electronics Development Corporation Limited (Beltron). Beltron and the Corporate Debtor had entered into a consultancy services agreement in 2007, with Beltron issuing project engagement work orders. Later, IL&FS Technologies Limited was appointed as a project co-ordinator. Beltron expressed its intention to terminate the

The case pertains to a Company Petition (IB) No. 236/KB/2023 filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy Rules, 2016, by Bihar E-Governance Services & Technologies Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor is a special purpose vehicle (SPV) with 50-50 per cent shareholding between IL&FS and Bihar State Electronics Development Corporation Limited (Beltron). Beltron and the Corporate Debtor had entered into a consultancy services agreement in 2007, with Beltron issuing project engagement work orders. Later, IL&FS Technologies Limited was appointed as a project co-ordinator. Beltron expressed its intention to terminate the