The NCLT has initiated insolvency proceedings against Videocon’s former chairman Venugopal Dhoot as a personal guarantor for loan defaults worth Rs 6,157.57 crore. The tribunal admitted SBI’s plea and appointed a resolution professional to oversee the process Published Date – 13 April 2026, 08:59 PM New Delhi: The National Company Law Tribunal……
Self-exiled activist Agnes Chow Ting has been placed on the police wanted list. Deputy Commissioner of Police (national security) Andrew Kan Kai-yan criticized Chow’s actions, describing them as a complete disregard for law and order and highlighting her lack of integrity. He said the police will spare no effort in bringing her to justice. Kan…
NCLT orders insolvency proceedings against Venugopal Dhoot, Videocon ex-chairman, over Rs 6,157 crore loan defaults as personal guarantor. New Delhi, Apr 13 (PTI) 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…
The Supreme Court of India has ruled that once an Interim Resolution Professional (IRP) is appointed under the Insolvency and Bankruptcy Code, 2016 (IBC), the management of a corporate debtor vests in the IRP, making it incompetent for a suspended director to file an appeal in the name of the company. A Bench comprising Justice…
Jobs secured at haulage company with pre-pack sale out of administration TheBusinessDesk.com Read the original article here
Embassy Developments shares hit lower circuit after finding no sellers for the six straight sessions Mint Read the original article here
The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against real estate developers must be restricted to the specific project in default, ruling that such actions cannot extend to other unrelated projects of the same corporate entity. The appellate tribunal delivered the ruling while deciding an appeal filed by…
Pet Planet, based in Livingston (West Lothian, Scotland), launched in July 1999 and over the past 27 years has become “a trusted destination for everything pets need”. The Pet Planet website reads: “We pride ourselves on offering a wide variety of high quality products and building lasting relationships with our customers. “We’re here to make…
Animation studio behind Umamusume: Pretty Derby and Sentenced to Be a Hero anime announces insolvency amidst $3.54 million deficit AUTOMATON Read the original article here
SBI’s Largest Defaulter: Dhoot’s Rs 61,000 Cr Personal Guarantee Turns into Insolvency Proceedings BW Businessworld Read the original article here