M/s OXYZO Financial Services Limited (Financial Creditor) filed a Section 7 IBC petition against M/s Kamco Chew Food Private Limited (Corporate Debtor) for defaulting on a business loan of ₹5,00,00,000/-. The Financial Creditor claimed a default amount of ₹3,49,76,458/- as of 04.08.2025, supported by a Sanction Letter, Master Facility Agreement, and dishonoured cheques. The Corporate Debtor contested the petition, arguing it was premature, lacked proof of disbursement, involved contradictory default dates, and that the IBC was being used as a recovery mechanism. It also cited its solvency and the existence of a default insurance policy.
M/s OXYZO Financial Services Limited (Applicant/Financial Creditor) filed a Company Petition under Section 7 of the IBC against M/s Kamco Chew Food Private Limited (Respondent/Corporate Debtor).
The Applicant is a Non-Banking Financial Company incorporated on 21.09.2016.
The Corporate Debtor was incorporated on 15.03.2012.
The Applicant proposed Ms. Aakriti Sood as the Interim Resolution Professional.
The Applicant claimed a sum of ₹3,49,76,458/- was due and payable as on 04.08.2025, comprising principal, interest, and penal charges.
The Corporate Debtor availed a business loan of ₹5,00,00,000/- from the Applicant, sanctioned via a letter dated 28.06.2024, with a 24-month tenure and 14.25% interest per annum.
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M/s Kamco Chew Food…
OXYZO Financial…
M/s OXYZO Financial Services Limited (Financial Creditor) filed a Section 7 IBC petition against M/s Kamco Chew Food Private Limited (Corporate Debtor) for defaulting on a business loan of ₹5,00,00,000/-. The Financial Creditor claimed a default amount of ₹3,49,76,458/- as of 04.08.2025, supported by a Sanction Letter, Master Facility Agreement, and dishonoured cheques. The Corporate Debtor contested the petition, arguing it was premature, lacked proof of disbursement, involved contradictory default dates, and that the IBC was being used as a recovery mechanism. It also cited its solvency and the existence of a default insurance policy.
M/s OXYZO Financial Services Limited (Applicant/Financial Creditor) filed a Company Petition under Section 7 of the IBC against M/s Kamco Chew Food Private Limited (Respondent/Corporate Debtor).
The Applicant is a Non-Banking Financial Company incorporated on 21.09.2016.
The Corporate Debtor was incorporated on 15.03.2012.
The Applicant proposed Ms. Aakriti Sood as the Interim Resolution Professional.
The Applicant claimed a sum of ₹3,49,76,458/- was due and payable as on 04.08.2025, comprising principal, interest, and penal charges.
The Corporate Debtor availed a business loan of ₹5,00,00,000/- from the Applicant, sanctioned via a letter dated 28.06.2024, with a 24-month tenure and 14.25% interest per annum.
…M/s Kamco Chew Food…
OXYZO Financial…