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Aviom India Housing Finance admitted to bankruptcy proceedings
Mint Hyderabad
|February 21, 2025
The Delhi insolvency court on Thursday admitted Aviom India Housing Finance Pvt. Ltd into bankruptcy and liquidation proceedings following a plea by the Reserve Bank of India (RBI).
The RBI had moved the National Company Law Tribunal under the Financial Service Providers Insolvency Rules, 2019, leading to an interim moratorium that restricts legal proceedings, asset transfers and recovery actions against the company. However, the supply of essential goods and services will not be disrupted during this period.
This story is from the February 21, 2025 edition of Mint Hyderabad.
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