NCLAT Upholds Insolvency Against Dhoot Brothers, Dismisses Challenge to Personal Insolvency Proceedings Linked to Videocon Defaults, ETRetail

The National Company Law Tribunal (NCLT), Kolkata Bench, admitted the insolvency petition filed by a consortium of banks led by Canara Bank on September 26, 2025, appointing Pradeep Kumar Kabra as the interim resolution professional (IRP). New Delhi: The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and…

NCLAT refuses to halt insolvency against Dhoot brothers

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot against the initiation of personal insolvency proceedings over defaults by Videocon Industries, for which they stood as personal guarantors. A two-member NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra upheld…

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NCLAT: Dhoot Brothers’ Insolvency Upheld: Rediff Moneynews

NCLAT dismisses Dhoot brothers’ plea against personal insolvency in Videocon case. SBI initiated proceedings over Rs 5,353.78 crore defaults. New Delhi, Mar 1 (PTI) The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default…

UK travel company goes into liquidation with trips cancelled

Oxfordshire Travel Limited entered creditors’ voluntary liquidation on October 30, 2025. The insolvency section on the Companies House website confirms that a liquidator was appointed on the same date. Documents filed with Companies House show the case is being handled as a single insolvency proceeding classified as a creditors’ voluntary liquidation, meaning directors opted to…