Intelligence note
Admitted to insolvency on 29 Jul 2026 by the Jaipur bench, on a petition by INDIA SME ASSET RECONSTRUCTION COMPANY LIMITED (a financial creditor). The admission order states the default at Rs 40.68 Cr, dating from 13 Oct 2016 - 9.8 years before admission. The process is 54 days old as of 21 Sep 2026; cases that ended in a resolution plan took a median of 630 days. Gunjan Jain is the resolution professional. Expressions of interest are open until 21 Sep 2026 - today.
Case details
CIN
U55101RJ2006PTC022681
Incorporated
2006
Registered State
Rajasthan
NCLT Bench
Jaipur
Initiated by
FC — INDIA SME ASSET RECONSTRUCTION COMPANY LIMITED
Public Announcement
30 Jul 2026
EoI Last Date
21 Sep 2026
PRA List Date
01 Oct 2026
Objections By
06 Oct 2026
Date of Default (per admission order)
13 Oct 2016
Amount in Default (per admission order)
Rs 40.68 Cr
Commencement
29 Jul 2026
NCLT Jaipur: median 514 days admission → verdict · 38% of concluded matters ended in plan approval (n=74, full record) · all benches →
Recent movement
During process
Resolution Professional
Gunjan Jain
30 Jul 2026
Public announcement
Admission announced — claims invited
30 Jul 2026
Form A — public announcement
Public announcement of CIRP (Form A) | IRP: Gunjan Jain | claims last date 12 Aug 2026
21 Sep 2026
EoI deadline
Last date for expressions of interest from resolution applicants
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
EoI / Form-G detail
Plan submission by
06 Oct 2026
Case timeline
29 Jul 2026
CIRP admitted — NCLT order
Insolvency commencement date — the statutory clock runs from here · NCLT Jaipur
During process
Resolution Professional
Gunjan Jain
30 Jul 2026
Public announcement
Admission announced — claims invited
30 Jul 2026
Form A — public announcement
Public announcement of CIRP (Form A) | IRP: Gunjan Jain | claims last date 12 Aug 2026
21 Sep 2026
EoI deadline
Last date for expressions of interest from resolution applicants
Ongoing
Under CIRP — outcome awaited
No resolution plan approval or liquidation order yet in our sources
53 days elapsed · in cirp so far
Business, promoters & security
Hotel business in Jaisalmer; principal office Hotel Jaisalkot, Kuldhara Turn, off Sam Road.
Petition
Section 7
Company
Type
data unavailable
Listing
data unavailable
Incorporated
data unavailable
Authorised capital
data unavailable
Paid-up capital
data unavailable
Industry (MCA)
data unavailable
ROC
data unavailable
Company status
data unavailable
Registered address
data unavailable
Claims filing history
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Operational creditors | Rs 9.91 L | Rs 9.91 L | 100% |
v1 · latest
as on 19 Aug 2026 · filed by Gunjan Jain
Sources, basis and disclaimers → ·
report an error
Key parties
IRP at commencement
CIRP initiated by
India Sme Asset Reconstruction Company Limited FC
Get full access
Weekly intelligence digest, RP tracker, live case movement and sector analysis for ARCs, PE funds and resolution professionals.
Apply for access →That was the whole dossier — nothing held back, because this company is showcased. Every company on stressed.in carries the same depth.
Or buy any single company outright for Rs 1,999 — yours permanently, and credited in full against your first month if you subscribe within 30 days.