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Aviom Insolvency: Authum Investment, JC Flowers ARC Show Interest In Bankrupt Mortgage Lender

  • Authum Investment & Infrastructure Ltd. and JC Flowers Asset Reconstruction Co. have shown interest in acquiring Aviom India Housing Finance, a bankrupt mortgage lender, as per sources.
  • Reserve Bank of India initiated insolvency proceedings against Aviom India Housing Finance in January 2025 and later, in February, the National Company Law Tribunal admitted the company under bankruptcy proceedings.
  • Aviom India Housing Finance has admitted claims worth Rs 1,360 crore from financial creditors, with the committee of creditors being led by impact investor BlueOrchard.
  • Potential investors have been invited to submit expressions of interest by May 28, and Aviom India Housing Finance, known for lending to women borrowers in low-income households, faced financial difficulties due to mismanagement of funds.

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