CFM Asset Reconstruction Private Limited (Financial Creditor) filed a Section 7 IBC petition against M/s Capbridge Venture LLP (Corporate Debtor) for an alleged default of Rs.58.55 Crores. The debt originated from loans sanctioned by Poonawalla Fincorp Limited, later assigned to CFM Asset Reconstruction. The Corporate Debtor, a co-borrower, defaulted, leading to the account being classified as NPA. The Corporate Debtor contested the petition, arguing it was merely a co-borrower, disputed the default date, questioned the assignee's creditor status, and cited parallel SARFAESI proceedings and PMLA attachment of assets.
A Company Petition, CP (IB) No.225/7/AHM/2026, was registered on 16.07.2026.
The petition was filed by CFM Asset Reconstruction Private Limited ("Financial Creditor") under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Capbridge Venture LLP ("Corporate Debtor").
The alleged default in repayment of Financial Debt amounted to Rs.58,55,65,117.24, including interest and other charges.
CFM Asset Reconstruction Private Limited is a company incorporated on 31.07.2015, with CIN U67100GJ2015PTC083994 and its registered office in Ahmedabad.
The petition was instituted through its authorised representative, Mr. Chetan Rajpurohit, Chief Manager.
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CFM Asset Reconstruction…
M/s Capbridge Venture LLP…
CFM Asset Reconstruction Private Limited (Financial Creditor) filed a Section 7 IBC petition against M/s Capbridge Venture LLP (Corporate Debtor) for an alleged default of Rs.58.55 Crores. The debt originated from loans sanctioned by Poonawalla Fincorp Limited, later assigned to CFM Asset Reconstruction. The Corporate Debtor, a co-borrower, defaulted, leading to the account being classified as NPA. The Corporate Debtor contested the petition, arguing it was merely a co-borrower, disputed the default date, questioned the assignee's creditor status, and cited parallel SARFAESI proceedings and PMLA attachment of assets.
A Company Petition, CP (IB) No.225/7/AHM/2026, was registered on 16.07.2026.
The petition was filed by CFM Asset Reconstruction Private Limited ("Financial Creditor") under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Capbridge Venture LLP ("Corporate Debtor").
The alleged default in repayment of Financial Debt amounted to Rs.58,55,65,117.24, including interest and other charges.
CFM Asset Reconstruction Private Limited is a company incorporated on 31.07.2015, with CIN U67100GJ2015PTC083994 and its registered office in Ahmedabad.
The petition was instituted through its authorised representative, Mr. Chetan Rajpurohit, Chief Manager.
…CFM Asset Reconstruction…
M/s Capbridge Venture LLP…