Is SubInACL.exe tool available for Windows 7. This was a great tool with pcs infected with virus in XP, now for windows 7 is there any kind of this tool
Use icacls for Win 7 or Win 2008.
http://technet.microsoft.com/en-us/library/cc753525(WS.10).aspx
Using icacls isn't a complete answer. The icacls tool is limited to files and directories, while subinacl managed services and registry as well.
For services (and registry?), you may want to try GPO: http://support.microsoft.com/kb/256345
To script a solution, the best I could find in my search is to use Set-Acl: http://technet.microsoft.com/en-us/library/hh849810.aspx