The National Company Law Tribunal’s Mumbai bench has declared former Videocon promoter Venugopal Dhoot bankrupt, admitting State Bank of India’s petition against him in his capacity as personal guarantor to loans taken by Videocon Industries.
The order, pronounced on November 5 by a bench of Vinay Goel and Charanjeet Singh Gulati, appoints Asish Narayan as bankruptcy trustee. Narayan was earlier the resolution professional in Dhoot’s personal insolvency process.
SBI has put the total amount in default, including interest and penalties, at ₹12,668 crore as of September 30, 2026. Of this, ₹9,322 crore relates to a 2012 rupee term loan, ₹1,438 crore to loans originally taken by Videocon Telecommunications, and ₹1,908 crore to…