Page 4 - Videocon Industries

Videocon lenders, 12 other group companies to meet on Tuesday under IRP

The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP)

Videocon lenders approve Anil Agarwal-promoted Twin Star Technologies bid

The lenders of Videocon Industries have approved the bid by Twin Star Technologies under the insolvency resolution process of the debt-ridden firm

ED challenges clean chit to Kochhars and Dhoot, moves appellate tribunal

Seeking immediate stay on the order, the agency feels the impugned order, passed by the authority, went beyond its jurisdiction

PMLA clean chit to Chanda Kochhar may help Videocon debt recast plan: Dhoot

The company's promoter Venugopal Dhoot said their application is currently pending with the Committee of Creditors, which will soon vote on their proposal

Tata Teleservices, Jet Airways, Videocon Ind gain over 100% in one month

TTML, the top gainer among the list, has zoomed 192 per cent to Rs 8.62 from Rs 2.95 on the BSE.

Why some don't deserve a second chance

Last week, Videocon's Venugopal Dhoot and DHFL's Kapil Wadhawan offered to pay to pull their firms out of insolvency process

Videocon insolvency case: Dhoot family offers to pay Rs 30k cr to lenders

A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI

Lenders waiting for Godot in Videocon insolvency as IBC wheels turn slow

Banks have been waiting for their dues since 2017 as the issue over naming of resolution professional and consolidation of all group firms into one resolution plan delayed the whole process

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC

BPCL pays up for defaulting Videocon Industries in Brazil oil block

In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for $283 million

Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block

Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block

Deepak Kochhar remanded to ED custody for 11 days by special PMLA court

PMLA court rejects Kochhar's plea for meeting family members during custody

Akhil Gupta's family firm bids for debt-laden Videocon Industries

Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta

Videocon Industries promoters seek fresh package for debt restructuring

The package would result in banks getting back Rs 33,400 cr from the company over the next few years

Videocon Industries: Between a long-drawn IBC process and a hard place

The former giant of the Indian corporate world is caught on the shoals of a long-drawn insolvency process even as lenders face the prospect of losing most of their money

AGR case: Supreme Court puts spectrum users in the dock on IBC firms' dues

Such telcos should pick up AGR bill, says apex court

Videocon lenders to seek better offers before last call on liquidation

As economy picks up, they expect bidders to come back to table

Videocon to get better offers after Covid-19 blows over: Promoters

Even before the decision to liquidate the group companies is taken, the committee of creditors must open all resolution plans received so far, said the promoters.

Top headlines: Apple plans more production in India, PSB stake sale & more

From Apple planning to move 10% production to India, RBI advising the government to cut stake in PSBs to Videocon staring at liquidation, here are the top news of the day

Videocon staring at liquidation as Covid-19 pandemic deters buyers

The company was admitted for debt resolution in June 2018 under the Insolvency and Bankruptcy Code after it started defaulting on its Rs 40,000-crore debt