payment defaults

State-Owned MTNL Defaults on 7 PSU Banks' INR 8,346 Crore in Bank Debts

According to the declaration, the total amount of outstanding debt, including both short-term and long-term borrowings, was INR 33,568 crore following the most recent default of INR 8,346.24 crore.

RBI Initiates Resolution Process for AVIOM India Under IBC

Under the IBC, the RBI will Start the Resolution Process Against AVIOM India

Citing governance issues and payment defaults, the Reserve Bank of India (RBI) replaced the board of Aviom India Housing Finance on 27th January. Ram Kumar, a former Chief General Manager (CGM) of Punjab National Bank, was named administrator. In addition to applying to the National Company Law Tribunal (NCLT), New