MKN Investment Pvt Ltd: RBI Enforcement History

Recorded RBI impact

License cancellation

License cancellation · Fresh imposition

Published by RBI

10 Feb 2026

Case Brief

The Reserve Bank of India has cancelled the Certificate of Registration of seven NBFCs under Section 45-IA(6) of the RBI Act, 1934. The companies named are Kanoi Leasfin Ltd, Aditi Sanchar Suvidha Pvt Ltd, Welmen Dealcomm Pvt Ltd, CTC Investments Private Limited, Parrot Agencies & Credit Pvt Ltd, Monolisha Management Pvt. Ltd., and MKN Investment Pvt Ltd. With the cancellation of their CoRs, these entities are barred from transacting the business of a non-banking financial institution as defined in the RBI Act.

Why RBI Acted

Licensing breach

The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration (CoR) of seven companies. The release lists the companies and their CoR details, and states that as a result they shall not transact the business of a non-banking financial institution as defined in Section 45-I(a) of the RBI Act, 1934.

Operating Impact

The seven companies can no longer operate as NBFCs or undertake non-banking financial institution business. This directly affects their business continuity and any customers or counterparties relying on their NBFC operations.

Regulatory Basis

Section 45-IA (6) of the Reserve Bank of India Act, 1934
clause (a) of Section 45-I of the RBI Act, 1934

Action Facts

Primary Impact: License cancellation
Order Date: 9 Jan 2026
Effective From: 9 Jan 2026
Entities Affected: 7
Entity Role: Bulk Member
Entity Type: NBFC

Entities similar to MKN Investment Pvt Ltd

MKN Investment Pvt Ltd

Case Brief

Why RBI Acted

Operating Impact

Regulatory Basis

Action Facts

Related Entities