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NCLT Initiates Insolvency Proceedings Against Venugopal Dhoot for Rs 6,157.57 Crore Loan Default, ETLegalWorld

NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantor New Delhi, The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,157.57 crore, as a personal guarantor of two group companies. Admitting a plea from State Bank of…