CIRP of ACCIL Corporation Pvt. Ltd. admitted as debt and default duly established

Asset Reconstruction Company (India) Limited Vs ACCIL Corporation Private Limited (NCLT Jaipur)

NCLT Jaipur held that application under section 7 of the Insolvency and Bankruptcy Code [IBC] for initiation of Corporate Insolvency Resolution Process [CIRP] of ACCIL Corporation Pvt. Ltd. [Corporate Debtor] admitted as debt and default stands duly established.

Facts- The present Application has been preferred under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Asset Reconstruction Company (India) Limited (Tinancial Creditor’/

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