Within days of superseding the board and appointing an administrator, the Reserve Bank of India has filed an insolvency petition against the troubled housing finance firm Aviom India Housing Finance at the New Delhi bench of the National Company Law Tribunal (NCLT). The apex bank has also appointed a three-member panel of experts to advice the administrator of the firm.
The RBI had on Monday superseded the management and board of the Delhi Aerocity-based Aviom, and appointed Ram Kumar, an ex-chief general manager of Punjab National Bank as the administrator. The banking regulator cited serious governance lapses and many payment defaults on the sided of the housing finance company.
In two separate actions on Thursday, the RBI field an…
