NCLT Declares Videocon's Venugopal Dhoot Bankrupt Over Rs 12,668 Crore SBI Dues
What the coverage says
The National Company Law Tribunal has ordered personal bankruptcy proceedings against Videocon promoter Venugopal Dhoot over unpaid dues totaling Rs 12,668 crore owed to the State Bank of India. NDTV Profit reported that the Mumbai bench acted after creditors turned down a settlement offer involving Rs 600 crore tied to a real estate venture in Siliguri. Mint added that the tribunal named Asish Narayan to serve as the bankruptcy trustee. Under this appointment, Dhoot has a seven-day window to provide a complete accounting of his finances, while the trustee is tasked with compiling creditor claims and delivering an initial report within 90 days.
Written by HeadlineShine from 2 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- Mint first reported it
- NDTV Profit reported it
- Latest update
