NCLT declares Videocon's Venugopal Dhoot bankrupt over ₹12,668 cr SBI dues

The Mumbai bench of the National Company Law Tribunal (NCLT) has declared the former Videocon Industries promoter and director Venugopal Nandlal Dhoot as "Bankrupt", admitting the petition filed by public sector lender State Bank of India over dues of Rs 12,668 crore. The Mumbai bench of NCLT has also appointed a Bankruptcy Trustee to conduct the bankruptcy process against Dhoot,...