The Mumbai bench of National Company Law Tribunal has admitted a personal insolvency petition against Venugopal Dhoot, erstwhile promoter and personal guarantor of Videocon Industries Ltd., filed by its financial creditor State Bank of India.While the oral order was pronounced on Sept. 1, the detailed order has been made available now.Total debt due from Dhoot’s personal guarantee stood at Rs 6,157 crore as on May 2020, the order sai…
The Mumbai bench of National Company Law Tribunal has admitted a personal insolvency petition against Venugopal Dhoot, erstwhile promoter and personal guarantor of Videocon Industries Ltd., filed by its financial…
Read the full article at: https://www.bloombergquint.com/law-and-policy/nclt-admits-sbis-personal-insolvency-application-against-venugopal-dhoot
