Dhoot’s ₹600-crore repayment proposal, backed by a proposed Siliguri real estate project, was rejected by creditors in July.
Mumbai: The National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter Venugopal Nandlal Dhoot bankrupt after admitting a petition filed by the State Bank of India (SBI) over outstanding dues of ₹12,668 crore.
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The Mumbai bench of the tribunal passed the order on Thursday (November 5), under Section 126 of the Insolvency and Bankruptcy Code (IBC), 2016. The bankruptcy proceedings relate to personal guarantees Dhoot had furnished for loans extended to Videocon Industries and Videocon…