From Livemint
Center-Right Owned by HT Media Ltd.NCLT declares Videocon promoter Venugopal Dhoot bankrupt over ₹12,668 crore dues to SBI
What's behind this
The Mumbai bench of the National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt after accepting a petition filed by the State Bank of India (SBI) seeking Rs 12,668 crore in personal guarantee dues. The tribunal’s decision follows SBI’s claim that Dhoot defaulted on the loan amount.
AI-generated overview from 4 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
-
left · 1 outlet
Videocon’s Venugopal Dhoot declared bankrupt over Rs 12,668 crore SBI default
-
center · 4 outlets
The Mumbai bench of the National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt, accepting a petition filed by the State Bank of India (SBI) over outstanding dues of Rs 12,668 crore. The tribunal has appointed a Bankruptcy…
-
right · 3 outlets
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
RSS excerpt
The tribunal has appointed Asish Narayan as the bankruptcy trustee and given Venugopal Dhoot seven days to disclose his full financial position. The trustee will now gather claims from creditors and submit a preliminary report within 90 days.
