The Reserve Bank of India on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited. On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.
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The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.
In a statement on Thursday, the central bank said an application for initiation of Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance Private Limited filed under the…
