The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a personal insolvency petition against Videocon promoter Venugopal Dhoot just a day after the Ministry of Corporate Affairs (MCA) received permission to freeze his assets.
In a virtual hearing on Wednesday personal insolvency proceedings against Venugopal Dhoot were admitted and allowed.
Asish Narayan has been appointed as the resolution professional (RP) in the case by a division bench led by judicial member Suchitra Kanuparthi and a technical member Chandra Bhan Singh. The next date of hearing is 20 September.
Lenders to Videocon had filed the personal insolvency petition to attach Dhoot’s assets a year ago and its admission now means recovery process will go on f…
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