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VIDEOCON BANKRUPTCY
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...
- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- Videocon Industries RP invites expressions of interest by February 2Venugopal Dhoot promoted Videocon Industries was admitted for resolution by NCLT in June 2018. It has verified secured creditors’ claims of...
- Venugopal Dhoot challenges Vedanta’s Videocon offer at NCLATIn his latest plea at NCLAT, Dhoot has claimed that the sale of Videocon Industries through the Insolvency and Bankruptcy Code (IBC) proces...
- NCLT approves Vedanta Group’s resolution plan for VideoconVedanta's offer of a little over Rs 3,000 crore for 13 companies belonging to the Videocon Group was far below the expectations of lenders,...
- Bankruptcy court allows billionaire Anil Agarwal to takeover VideoconVideocon, a consumer durables company manufacturing air-conditioners to washing machines, was among the first 12 companies pushed into bank...
- 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...
- CBIC goes to NCLT, claims Rs 4.6 crore CGST dues from VideoconThe Videocon resolution process has been going on for 427 days, and the tax authorities are seeking a quick redressal.
- Tussle on over global oil assets of VideoconIf assets are not sold, the share which would have come to the Indian co will go to an Indonesian firm.
- Videocon requests NCLT to include overseas oil assets in insolvency processThe move comes after a consortium of lenders led by the SBI have invited bids for the group's Brazilian and Indonesian assets via ads.
- Videocon case: NCLT told to pass orders in 3 weeksThe NCLT heard arguments from all parties, including Videocon’s promoter Venugopal Dhoot, and reserved its orders on January 25, after whic...
- 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 Venugopal Dhoot’s plea to consolidate insolvency casesNational Company Law Tribunal’s (NCLT) principal bench in New Delhi on Thursday admitted Dhoot’s plea and sought a reply from SBI by Octobe...
- SBI-led lenders take Videocon units to bankruptcy courtThe debt, nearly about Rs 13,000 crore, has been grouped into four clusters to facilitate the resolution plan. Four IRPs have also been app...
- Videocon Group chairman Venugopal Dhoot rubbishes reports of fleeing country“I am very much in India and have no intention to ever going out of the country….in fact, I am most comfortable here and have not stepped o...
- KPMG is now Videocon’s resolution professionalSBI had referred Videocon Industries to bankruptcy court in the first week of January.
- Lenders may drag Videocon arms to bankruptcy courtAt a closed-door meeting, the heads of large commercial banks discussed ways of recovering dues from the oil venture.
- SBI initiates bankruptcy process against VideoconCompany owes consortium of lenders Rs 29,000 crore, of which Rs 3,900 crore is due to SBI.
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