The Reserve Bank of India has filed for insolvency proceedings against Aviom India Housing Finance after superseding its board due to governance concerns and payment defaults.
Mumbai, Jan 30 (PTI) The Reserve Bank 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On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.
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…
