Aviom India Housing Finance promoter offers to settle dues as six entities put in bids
KOLKATA/MUMBAI: The promoter of Aviom India Housing Finance has submitted a settlement proposal to lenders, offering to clear Rs 1,385 crore in dues within 26 months, along with accrued interest, according to people familiar with the matter.
Promoter Kajal Ilmi submitted the proposal late on Wednesday, even as the company-currently undergoing insolvency proceedings initiated by the Reserve Bank of India ( RBI)-has already drawn takeover bids from six entities.
Promoter Kajal Ilmi submitted the proposal late on Wednesday, even as the company-currently undergoing insolvency proceedings initiated by the Reserve Bank of India ( RBI)-has already drawn takeover bids from six entities.
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