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flag RBI files for insolvency process against Aviom India over governance issues and defaults.

flag The Reserve Bank of India (RBI) has filed for the corporate insolvency resolution process against Aviom India Housing Finance due to governance issues and payment defaults. flag Ram Kumar, a former Chief General Manager of Punjab National Bank, was appointed as the administrator, and an advisory committee was formed to assist him. flag This follows the RBI's decision to supersede Aviom's board.

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