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Daily Archives: January 28, 2025

RBI superseded Aviom India management, set to begin insolvency process

BankruptcyBy EditorJanuary 28, 2025

MUMBAI: Citing significant governance lapses and repeated defaults in payment obligations, the Reserve Bank of India has superseded the current management and board of mid-tier home loan company Aviom India Housing Finance. It has appointed Ram Kumar, former Chief General Manager of Punjab National Bank, as the administrator. The RBI has also announced plans to…

Company behind stalled €475m Camden Yard development placed into liquidation, High Court orders

LiquidationBy EditorJanuary 28, 2025

Legal GA Development Fund faced a winding up petition from Bennett Construction, which is owed €7.8 million arising from unpaid fees The project dubbed Camden Yard was around two years away from completion before works stalled on the site last summer Read the original article here

NCLAT dismisses insolvency proceedings plea against HUL

BankruptcyBy EditorJanuary 28, 2025

The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…

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