Lilium Likely Permanently Closed – AVweb

EVTOL hopeful Lilium has all but thrown in the towel with a second insolvency filing that will likely be its last, according to a company statement. “As the funding options to secure Lilium’s future have not materialized in time, Lilium Aerospace has filed for insolvency today,” the company said. “While talks about alternative solutions are…

NCLT admits insolvency proceedings against AVIOM India Housing Finance, ET RealEstate

representative image NEW DELHI: The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing Finance. On January 27, the Reserve Bank had superseded the board of AVIOM owing to governance concerns and defaults in meeting various payment obligations, and appointed Ram Kumar, ex-CGM of…