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NCLT declares Videocon's Venugopal Dhoot as bankrupt over ₹12,668-cr SBI dues
The Mumbai bench admitted SBI’s bankruptcy petition and appointed a trustee to oversee the process after Dhoot’s ₹600 crore repayment plan was rejected.
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Read the original at The Hindu BusinessLine ↗
The National Company Law Tribunal’s bankruptcy declaration for Venugopal Dhoot impacts significant financial recovery efforts for the State Bank of India and its creditors.
Also reported by 5 other newsrooms
Assam TribuneVideocon founder Venugopal Dhoot declared bankrupt by NCLTTelangana TodayNCLT declares Videocon’s Venugopal Dhoot bankrupt; SBI to recover Rs 12,668 croreFree Press JournalVideocon's Venugopal Dhoot Declared Bankrupt By NCLT Over SBI's ₹12,668 Crore ClaimLivemintNCLT declares Videocon promoter Venugopal Dhoot bankrupt over ₹12,668 crore dues to SBIBar and BenchNCLT declares Videocon promoter Venugopal Dhoot bankrupt over ₹12,668 crore default