Venugopal Dhoot challenges order upholding separate insolvency for Videocon Industries & Videocon Oil Ventures in Supreme Court.
New Delhi, May 21 (PTI) Videocon founder Venugopal Dhoot has moved the Supreme Court against a National Company Law Appellate Tribunal order upholding separate insolvency proceedings for two group entities â Videocon Industries Ltd and Videocon Oil Ventures Ltd â while setting aside an earlier NCLT order that had directed clubbing of the two cases.
Dhoot filed the petition on May 19 against the May 14 order of the appellate tribunal.
On May 14, the National Company Law Appellate Tribunal (NCLAT) said that creditors of Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) had intended the…