Difficulties for Videocon Industries promoter Venugopal Dhoot is increasing as the National Company Law Tribunal (NCLT) Mumbai has now approved the request of State Bank of India (SBI) for personal insolvency case against Dhoot. As per the information Dhoot had given personal guarantee to SBI for a loan of Rs 6157.
Speaking on the matter Brajesh Kumar Mishra, Assistant Editor at Zee Business, said that till now whatever recovery was made by the banks were done by property resolution, but the companies can invoke personal guarantee for the recovery amount left after property resolution and company resolution plan.
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He informed that SBI had filed a case of personal insolvency against Venugopal …
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