News From Press IBC proceedings against Aviva Life Insurance may not impact policyholders

IBC proceedings against Aviva Life Insurance may not impact policyholders

Source: Mint Nov 12, 2019

Bankruptcy proceedings have been initiated against Aviva Life Insurance Co. Ltd India, according to a National Company Law Tribunal (NCLT) order dated November 9, 2019, for non-payment of license fees, car parking, maintenance or service charges and service tax to Mumbai-based Apeejay Trust. Aviva, which took up office space at Apeejay Express in Vashi, Mumbai in June 2008 owes Apeejay Rs. 27,67,203 in the form of dues.

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