The National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter Venugopal Dhoot bankrupt after admitting a petition filed by the State Bank of India (SBI) over outstanding dues of Rs 12,668 crore.
The Mumbai bench passed the order on 05 November 2026 after Dhoot’s proposed repayment plan was rejected by creditors. The bankruptcy proceedings relate to personal guarantees he had provided for loans taken by Videocon Industries and its group companies.
SBI had initiated personal insolvency proceedings against Venugopal Dhoot in April 2026. During the process, he proposed a repayment plan of…