Equitas Small Finance Bank Ltd. filed an appeal against the order dated 22.08.2025 passed by the NCLT, Jaipur Bench, which rejected its Section 7 application against Jumbo Finvest (India) Ltd.
Equitas Small Finance Bank Ltd. filed a Section 7 application against Jumbo Finvest (India) Ltd.
The NCLT, Jaipur Bench rejected the Section 7 application.
The Adjudicating Authority held that Jumbo Finvest (India) Ltd. is a Financial Service Provider.
RBI issued an order on 16.01.2020 prohibiting Jumbo Finvest (India) Ltd. from increasing its balance sheet size and accessing public funds.
RBI cancelled the registration of Jumbo Finvest (India) Ltd. with effect from 14.10.2025.
Equitas Small Finance Bank Ltd. sanctioned a term loan to Jumbo Finvest (India) Ltd. on 09.07.2018.
Jumbo Finvest (India) Ltd. allegedly started defaulting in repayment since 05.01.2019.
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Order passed by the NCLT, Jaipur Bench…
RBI issued an order directing Jumbo Finvest…
Equitas Small Finance Bank Ltd. filed an appeal against the order dated 22.08.2025 passed by the NCLT, Jaipur Bench, which rejected its Section 7 application against Jumbo Finvest (India) Ltd.
Equitas Small Finance Bank Ltd. filed a Section 7 application against Jumbo Finvest (India) Ltd.
The NCLT, Jaipur Bench rejected the Section 7 application.
The Adjudicating Authority held that Jumbo Finvest (India) Ltd. is a Financial Service Provider.
RBI issued an order on 16.01.2020 prohibiting Jumbo Finvest (India) Ltd. from increasing its balance sheet size and accessing public funds.
RBI cancelled the registration of Jumbo Finvest (India) Ltd. with effect from 14.10.2025.
Equitas Small Finance Bank Ltd. sanctioned a term loan to Jumbo Finvest (India) Ltd. on 09.07.2018.
Jumbo Finvest (India) Ltd. allegedly started defaulting in repayment since 05.01.2019.
Order passed by the NCLT, Jaipur Bench…
RBI issued an order directing Jumbo Finvest…