VENUGOPAL DHOOT
NCLT admits personal insolvency plea against Rajkumar Dhoot of Videocon
The NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industries, where Dhoot was a personal guarantor.
ET Explains: What is the significance of personal guarantee and what will change for a guarantor after SC order?
In a landmark ruling, the Supreme Court upheld the constitutional validity of the personal guarantor provisions found in the Insolvency and Bankruptcy Code (IBC). This opens the door for lenders to pursue recovery against individuals such as Kishore Biyani of Future Retail, Venugopal Dhoot of Videocon Industries, and Anil Ambani of ADA Group. ET explains how the sequence has implications
Sebi orders attachment of bank, demat, MF accounts of Videocon's Dhoot to recover dues
The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions
ICICI loan fraud case: SC issues notice on CBI plea against interim bail to Videocon's Dhoot
The Supreme Court on Wednesday agreed to examine CBI’s plea challenging Bombay High Court's order granting interim bail to Videocon Group chairman Venugopal Dhoot. A bench of Justices A S Bopanna and M M Sundresh issued notice to Dhoot after taking note of the submission of Additional Solicitor General S V Raju, appearing for the CBI, that the bail was granted without examining the case diary.
Vedanta company urges SC to dismiss Venugopal Dhoot's appeal
Lenders and the National Company Law Tribunal have approved Twinstar's bid to acquire the Videocon companies for ₹2,962 crore under the Insolvency and Bankruptcy Code. Dhoot challenged this in the Supreme Court and sought a direction to the lenders to accept his ₹31,789 crore resolution plan. On April 17, the top court sought Twinstar's response to the appeal.
SC seeks Twinstar, Videocon RP replies on Dhoot plea
Dhoot pleaded before the court that his resolution plan entails a "zero haircut" to lenders and also sought quashing of a National Company Law Appellate Tribunal's order that had approved Twinstar Technologies' ₹2,962-crore bid. Lenders had in 2020 rejected Dhoot's bid and instead approved Twinstar's resolution proposal by a 95.08% vote.
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Sebi imposes Rs 5 lakh fine on Videocon's Venugopal Dhoot for disclosure lapses
The scope of the examination was specifically to ascertain whether Dhoot violated the provisions of LODR (Listing Obligations and Disclosure Requirements) rules and provisions of listing agreement in respect of the submissions that were required to be made by Videocon Industries to the stock exchanges.
Lenders to Videocon's oil arm to vote on four resolution plans
The resolution professional Pravin Navandar invited lenders to vote on the four plans from March 30.
Videocon bankruptcy: IBBI bars RBSA from taking new insolvency-related work
The controversy over the sale of Videocon erupted after the NCLT questioned if the liquidation value was leaked. While approving the plan, the tribunal also observed that “the successful resolution applicant is paying almost nothing”. This prompted the lenders to rethink the sale of the Venugopal Dhoot-promoted companies to Twin Star.
ICICI Bank Loan Fraud Case: Bombay High Court to pronounce order on Venugopal Dhoot's plea seeking interim bail
Dhoot had approached the high court soon after the same bench had on January 9 granted bail to co-accused - Chanda Kochhar, former Managing Director and Chief Executive Officer of the ICICI bank and her husband Deepak Kochhar. Dhoot's advocate Sandeep Laddha had argued that Dhoot's arrest was unwarranted as he had co-operated in the probe.
Bombay HC grants interim bail to Videocon Group founder Venugopal Dhoot
The Bombay High Court on Friday granted interim bail to arrested Videocon group chairman VN Dhoot. The Videocon founder had approached the high court after a division bench on January 9 granted bail to co-accused Chanda Kochhar, former managing director and chief executive officer of the ICICI bank, and her husband Deepak Kochhar.
Loan fraud case: Bombay HC seeks affidavit from CBI on Venugopal Dhoot's plea against arrest; hearing on Jan 13
A division bench of Justices Revati Mohite Dere and P K Chavan said the agency shall file its affidavit by Friday and posted the petition for hearing the same day (January 13).
Bank loan fraud case: Bombay HC to hear plea of Videocon's Venugopal Dhoot against 'illegal' arrest by CBI
The same bench earlier on Monday granted interim bail to Dhoot's co-accused in the case - former MD and CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar. The HC, in its judgment, came down heavily on the Central Bureau of Investigation (CBI) for making the arrest of Kochhars in a "casual and mechanical" manner and without the application of mind.
CBI court rejects interim relief to Venugopal Dhoot
Dhoot, along with terminated ICICI MD & CEO Chanda Kocchar and her husband Deepak, have been arrested by the CBI in connection with the over Rs 1800 crore loans sanctioned by ICICI to Videocon group of companies when Chanda was at the helm of the bank.
ICICI fraud: Dhoot's plea against arrest rejected; Kochhars' demand for home food, bed also turned down
Dhoot had challenged his arrest claiming it was illegal and sought immediate release from the case. His lawyer S S Ladda, along with advocate Viral Babar, argued that Dhoot was arrested only because the investigating officer came under pressure after the Kochhar couple's arrest.
NARCL plans improved Rs 1,200-cr offer for Videocon Oil and Ventures
Lenders rejected NARCL's ₹860-crore offer in mid-November because it was very low. At a meeting in December between the lenders and NARCL, lead bank State Bank of India had asked NARCL to make an improved offer. NARCL did not respond to ET's queries.
Venugopal Dhoot: Here’s all you need to know Videocon Group founder
Venugopal Dhoot was arrested earlier this week along with ICICI Bank's former MD and CEO Chanda Kochhar and her husband Deepak Kochhar in an alleged ICICI Bank loan scam.
ICICI Bank-Videocon loan case: CBI proposes to probe criminal conspiracy
The Kochhars were arrested on Friday and Dhoot was held on Monday in connection with the CBI probe into ₹1,730 crore of loans sanctioned by ICICI Bank to the Videocon Group when Chanda Kochhar was the lender's MD & CEO.
Kochhars, Videocon and Dhoot in the crosshairs of probe agencies
Kochhar and her husband, Deepak, were arrested by the Central Bureau of Investigation on December 23. Venugopal Dhoot, chairman of Videocon, is also in CBI custody.
From an industry leader to a defaulter: Rise and fall of Venugopal Dhoot
The eldest son of late Nandlal Madhavlal Dhoot, who founded the Videocon Group in 1984, Venugopal was largely responsible for driving the conglomerate to diversify into various verticals, such as oil and gas, real estate and retail, beyond its successful consumer electronics and home appliances business.
ICICI loan fraud case: CBI custody of Kochhars, Videocon founder Dhoot extended till Dec 29
The probe agency arrested Kochhars last Friday after questioning them briefly. Dhoot was arrested on Monday. All the three were produced before special judge S M Menjoge at the end of their earlier remand on Wednesday. The CBI, represented by special public prosecutor A Limosin, sought their custody for another two days for further probe into the case.
ICICI Bank Ex-CEO Kochhar, Husband move HC
The high court, however, refused to grant an urgent hearing and directed the Kochhars to mention the matter before the regular bench once it resumes after vacation.
ICICI Bank loan case: CBI arrests Venugopal Dhoot
A holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of Chanda Kochhar and her husband Deepak who were arrested on Friday by three days. The CBI sought a three-day custody to confront the accused.
Loan Fraud Case: CBI arrests Videocon CEO Venugopal Dhoot
The Central Bureau of Investigation on Monday arrested Videocon CEO Venugopal Dhoot in the alleged ICICI Bank-Videocon money laundering case. The CEO was arrested from Mumbai. Earlier, the agency had arrested the former managing director and chief executive officer of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in connection with the case.
ICICI Bank-Videocon case: CBI gets three-day custody of Venugopal Dhoot, Chanda and Deepak Kochhar
The case is related to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to the Videocon Group between 2009 and 2011.
Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot arrested: 10 points on ICICI Bank-Videocon fraud case
A few days back, the probing agency had arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar. The couple is scheduled to remain in CBI custody till today. However, the CBI has sought custody of the Videocon chairman for three days and of the couple for three more days.
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