Bankrupt businessman Nahi Gazal behind bars

Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA A twice-bankrupted, twice-jailed pretend property developer is back behind bars, this time for contempt of court. Nahi Gazal, 61, was taken into custody earlier this month after Supreme Court Justice Ashley Black agreed with the…

NCLAT Splits Videocon Insolvency, Validates BPRL VOVL Deal

AuthorAnanya Iyer|Published at:17th May 2026, 4:03 pm Overview The National Company Law Appellate Tribunal (NCLAT) has ordered separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning a prior NCLT decision to consolidate them. Issued on May 14, 2026, the ruling cites VIL’s consumer electronics focus and VOVL’s oil and…

NCLAT Separates Videocon Insolvency Cases for Focused Revival

NCLAT Orders Separate Paths for Videocon Entities The National Company Law Appellate Tribunal (NCLAT) has ruled that Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) must undergo separate insolvency resolution processes. This May 14, 2026 decision reverses a prior National Company Law Tribunal (NCLT) order that had intended to combine the proceedings of…

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