Krishkan Investment Private Limited (Financial Creditor/Petitioner) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/S Jumbo Finvest (India) Limited (Corporate Debtor/Respondent) for initiating Corporate Insolvency Resolution Process (CIRP). The petition claims a default of Rs. 31,94,00,000/- as of 15.11.2025, including interest and penal charges. The financial debt originated from Indian Overseas Bank (Erstwhile Lender) and was subsequently assigned to Krishkan Investment Private Limited via an Assignment Agreement dated 25.08.2025. The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2022.
Krishkan Investment Private Limited (Petitioner/Financial Creditor) filed a petition under Section 7 of the IBC, 2016, against M/S Jumbo Finvest (India) Limited (Corporate Debtor/Respondent).
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 31,94,00,000/- (including interest and penal charges up to 15.11.2025) with future interest at 15.95% p.a. from 16.11.2025.
The Financial Creditor is a Private Limited Company incorporated on 05.06.1989, registered with Registrar of Companies, Kolkata, and represented by Mr. Arvind Vitekar.
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Indian Overseas Bank (Erstwhile Lender)…
The CC Limit was…
Krishkan Investment Private Limited (Financial Creditor/Petitioner) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/S Jumbo Finvest (India) Limited (Corporate Debtor/Respondent) for initiating Corporate Insolvency Resolution Process (CIRP). The petition claims a default of Rs. 31,94,00,000/- as of 15.11.2025, including interest and penal charges. The financial debt originated from Indian Overseas Bank (Erstwhile Lender) and was subsequently assigned to Krishkan Investment Private Limited via an Assignment Agreement dated 25.08.2025. The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on 31.03.2022.
Krishkan Investment Private Limited (Petitioner/Financial Creditor) filed a petition under Section 7 of the IBC, 2016, against M/S Jumbo Finvest (India) Limited (Corporate Debtor/Respondent).
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) due to a default in payment of Rs. 31,94,00,000/- (including interest and penal charges up to 15.11.2025) with future interest at 15.95% p.a. from 16.11.2025.
The Financial Creditor is a Private Limited Company incorporated on 05.06.1989, registered with Registrar of Companies, Kolkata, and represented by Mr. Arvind Vitekar.
…Indian Overseas Bank (Erstwhile Lender)…
The CC Limit was…