High Court of Punjab and HaryanaCWP/1223/2023dismissed

Accil Hospitality Private Limited v. Ifci Limited And ORS

2026-02-27The Chief Justice,Mr. Justice Sanjiv Berry13 pages

CWP-1223-202 23 (O&M) - 1IN N THE HIGH COURT OF PU UNJAB & HARYANA AT CHANDIGA ARH tality Private Limited ACCIL Hospi IFCI Limited a ....Petitioner

Versus

and others

...Respondents

R P U Whether only operative part of the judg pronounced or the full judgment is pro Reserved on : 20.11.2025 Pronounced on : 27.02.2026 Uploaded on : 27.02.2026 W p gment is onouned: operative part/full judgme ent CORAM: H

Present:

M w M M M M an fo M w M an fo M w fo HON'BLE MR. JUSTICE SHE HON'BLE MR. JUSTICE SAN EEL NAGU, CHIEF JUSTICE NJIV BERRY ***** Mr. Anand Chhibbar, Senior Adv with Mr. Nitin Kaushal, Advocate Mr. Ajay Kumar, Advocate, Mr. Tanuj Sud, Advocate, Ms. Swati Vashisth, Advocate, Ms. Ateevraj Sandhu, Advocate, vocate (Arguing Counsel) e, nd Mr. Inderjeet Singh, Advocat or the petitioner.

te, Mr. Puneet Bali, Senior Advocate with Mr. Gagandeep Singh, Advo Ms. Ayushi Garg, Advocate, e (Arguing Counsel), ocate, nd Mr. Mahender Joshi, Advoca or respondent No.1-IFCI Limited ate, d.

Mr. Dheeraj Jain, Senior Advocat with Mr. Amit Sharma, Senior Pa te (Arguing Counsel), anel Counsel, or respondent No.2-UOI.

- 2Mr. Indresh Goel, Advocate, for respondent No.3-RBI.

***** SHEEL NAGU, C.J.

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AB&"" $"$<"$#! Application under Section 7 of Insolvency and Bankruptcy Act (IBC Act) 2016, i.e. CB (IB) 50 PB/2018 titled State Bank of India versus M/s Asian Color Coated Ispat Limited filed for initiation of Corporate Insolvency Resolution Process (CIRP) of the Principal Borrower before the National Company Law Tribunal ( )6) (Principal Bench). Via the order dated 20.07.2018, this application was admitted. ,

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" #" 9 && / 0 % & " (SHEEL NAGU) CHIEF JUSTICE (SANJIV BERRY) JUDGE 27.02.2026 Ajay Prasher Whether speaking/reasoned :

Yes / No Whether reportable :

Yes / No