The Jaipur bench of the National Company Law Tribunal (NCLT) has approved a resolution plan worth Rs 288.37 crore submitted by Oriental Structural Engineers Private Limited (OSEPL) for ACCIL Corporation Private Limited, the owner of the five-star Holiday Inn Jaipur City Centre, bringing the hotel company’s insolvency proceedings to a close nearly nine months after admission.
A two-member bench of judicial member Reeta Kohli and technical member Kavita Bhatnagar passed the order on July 21, 2026, on an application filed by resolution professional Chandra Prakash under Section 30(6) of the Insolvency and Bankruptcy Code (IBC).
ACCIL Corporation was admitted into corporate insolvency resolution process (CIRP) on October…