NCLT declares Videocon’s Venugopal Dhoot bankrupt; SBI to recover Rs 12,668 crore

New Delhi: The National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter Venugopal Nandlal Dhoot bankrupt after admitting a petition filed by State Bank of India (SBI) to recover dues of more than Rs 12,668 crore arising from personal guarantees furnished for loans extended to Videocon group companies. A Mumbai bench of the tribunal admitted SBI’s petition under…

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