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VIDEOCON INSOLVENCY CASE
Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Govt seeks SC nod to claim dues in Videocon insolvency caseThe petroleum ministry has approached the Supreme Court seeking $525.62 million from Videocon Industries, citing unpaid dues under a 1994 P...
- SC rejects Venugopal Dhoot's appeal to halt foreign asset dealings in Videocon insolvency caseThe Supreme Court has rejected Venugopal Dhoot's appeal to restrain lenders from dealing with foreign oil and gas assets in Videocon Oil Ve...
- Vedanta company urges SC to dismiss Venugopal Dhoot's appealLenders and the National Company Law Tribunal have approved Twinstar's bid to acquire the Videocon companies for ₹2,962 crore under the Ins...
- NCLT allows initiation of personal insolvency against Venugopal DhootAsish Narayan has been appointed as the resolution professional (RP) in the case by a division bench led by judicial member Suchitra Kanupa...
- Venugopal Dhoot moves NCLAT against Anil Agarwal's Twin Star takeover bid for Videocon groupDhoot, in his petition filed before the National Company Law Appellate Tribunal (NCLAT) has requested to set aside the order passed by the ...
- IBC proceedings should start when assets aren’t impaired: MS Sahoo, Chairman IBBISahoo cited the example of Videocon Industries, stating that it had already reported a loss of nearly ₹10,000 crore when the bankers brough...
- Public money being stolen through 80-90 per cent haircuts in NCLT resolution cases, says Harsh GoenkaHis comments come in the backdrop of some insolvency cases being approved recently by the NCLT where creditors took heavy haircuts on their...
- SBI initiates insolvency proceedings against Videocon promotersIn a petition filed by Videocon resolution professional Asish Narayan on behalf of the group's largest lender State Bank of India (SBI), in...
- Include Videocon foreign arms in insolvency process: NCLTThis is the first case of overseas incorporated arms being brought under the ambit of local insolvency laws.
- Bankruptcy board set to tackle group insolvencyBringing entities on the basis of inter-connectedness or common assets into the group resolution framework may face challenges and lead ban...
- NCLT clears consolidation of 13 Videocon units' insolvencyThe landmark move is expected to quicken Videocon’s insolvency resolution and could pave the way for faster processing of other bankruptcy ...
- Mumbai court to hear bankruptcy petitions against 15 Videocon companiesSBI had filed multiple pleas in different courts to initiate recovery proceedings against 14 other companies linked to the parent company.
- NCLT admits Videocon case; Venugopal Dhoot says banks to recover 80% debtThe company in April had approached the principal bench of the NCLT requesting it to direct all insolvency cases filed by its lenders to be...
- Videocon approaches NCLT to list all insolvency cases togetherThe group has requested the principal bench sitting here to consolidate all multiple insolvency cases filed by lenders at three different c...
- ICICI Bank's board to meet todayThis is the first time ICICI Bank's board will meet after the controversy over alleged conflict of interest involving its CEO Chanda Kochha...
- SBI to start insolvency proceedings against 12 defaulters from todayRBI has directed banks to set aside 50% as provisions on loans that are referred to the NCLT and 100% in case of liquidation.
- Bankers look for speedy resolution of 28 accounts28 bad loan accounts need restructuring by December 13 or they’ll end up in NCLT, which will require banks to provide for losses of up to 5...
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