The National Company Law Tribunal (NCLT) has declared Venugopal Nandlal Dhoot, former promoter and director of Videocon Industries Ltd, bankrupt over unpaid loan guarantees worth Rs 12,668.06 crore, following a petition by the State Bank of India (SBI).
A two-member Mumbai bench of the tribunal, comprising Member (Judicial) Vinay Goel and Member (Technical) Charanjeet Singh Gulati, passed the order on November 5 under Section 126 of the Insolvency and Bankruptcy Code (IBC). The bench appointed insolvency professional Asish Narayan, who had earlier handled Dhoot’s personal insolvency resolution process, as the bankruptcy trustee.
SBI is seeking Rs 12,668.06 crore from Dhoot as on September 30, 2026, including interest…