Asset Reconstruction Company (India) Limited (ARCIL), a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against ACCIL Corporation Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the petition on 15.10.2025 and appointed Mr. Ajay Kumar Atolia as the Interim Resolution Professional (IRP). Subsequently, Mr. Chandra Prakash was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC), comprising ARCIL, Prudent ARC Limited, and Central Bank of India, was constituted. A Request for Resolution Plan (RFRP) was issued, leading to five Resolution Applicants submitting plans. Oriental Structural Engineers Private Limited (OSEPL) emerged as the
…Asset Reconstruction Company (India) Limited (ARCIL), a financial creditor, filed a petition under Section 7 of the IBC against ACCIL Corporation Private Limited (Corporate Debtor).
The Adjudicating Authority admitted the petition on 15.10.2025, commencing CIRP and appointing Mr. Ajay Kumar Atolia as the Interim Resolution Professional (IRP).
A public announcement inviting claims was issued on 17.10.2025, with 29.10.2025 as the last date for submission.
The IRP took control and custody of the Corporate Debtor's assets, books, and records.
The Committee of Creditors (CoC) was constituted with 3 secured financial creditors: ARCIL, Prudent ARC Limited, and Central Bank of India.
…Sign in to view the parties.
Adjudicating Authority admitted the petition,…
IRP issued and published the public announcement…
Asset Reconstruction Company (India) Limited (ARCIL), a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against ACCIL Corporation Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the petition on 15.10.2025 and appointed Mr. Ajay Kumar Atolia as the Interim Resolution Professional (IRP). Subsequently, Mr. Chandra Prakash was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC), comprising ARCIL, Prudent ARC Limited, and Central Bank of India, was constituted. A Request for Resolution Plan (RFRP) was issued, leading to five Resolution Applicants submitting plans. Oriental Structural Engineers Private Limited (OSEPL) emerged as the
…Asset Reconstruction Company (India) Limited (ARCIL), a financial creditor, filed a petition under Section 7 of the IBC against ACCIL Corporation Private Limited (Corporate Debtor).
The Adjudicating Authority admitted the petition on 15.10.2025, commencing CIRP and appointing Mr. Ajay Kumar Atolia as the Interim Resolution Professional (IRP).
A public announcement inviting claims was issued on 17.10.2025, with 29.10.2025 as the last date for submission.
The IRP took control and custody of the Corporate Debtor's assets, books, and records.
The Committee of Creditors (CoC) was constituted with 3 secured financial creditors: ARCIL, Prudent ARC Limited, and Central Bank of India.
…Adjudicating Authority admitted the petition,…
IRP issued and published the public announcement…