Page 5 - Videocon Industries

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

CBI lens on Videocon's Dhoot: Was Rovuma offshore a joy ride for oil firms?

Videocon's dealing with an SBI-led consortium being probed; complaint filed at instance of petroleum ministry which in 2013 under Veerappa Moily oversaw 10% of Videocon stake bought over by ONGC, OIL

CBI books Videocon's Dhoot for 'corruption' in financing oil and gas assets

The agency has registered the FIR after a preliminary enquiry on a complaint from the Oil Ministry

NCLAT's resolution professional ruling: Several bankruptcy cases face delay

National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

NCLT orders inclusion of Videocon's overseas assets in insolvency

Videocon was in the first list of the 12 largest accounts that the Reserve Bank of India referred for bankruptcy in late 2016

NCLAT stays NCLT ban on ex-bankers' appointment as resolution professionals

The NCLT order had cast doubt on debt resolutions of several companies including Videocon Industries and Essar Projects, where former bank officials are working as IRPs

ICICI-Videocon case: ED grills Chanda Kochhar, husband and Venugopal Dhoot

The three deposed as part of a regular summon and their statement is being being recorded under the Prevention of Money Laundering Act (PMLA), ED said

Cash-strapped Videocon posts Rs 6,760-cr FY19 loss on reduced income

Total income declined to Rs 1,062.62 crore in 2018-19 from Rs 3,423.91 crore in the previous year

Haldiram's, Vedanta among those in fray to acquire Videocon group companies

Currently, 13 companies of the consolidated group are under insolvency proceedings, including Videocon Industries, Videocon Telecommunications, and Electroworld Digital Solutions

Videocon union to demand pending salaries, stage sit-in at Dhoots residence

Weighed down by heavy debt, the Videocon group with 13 operating companies, was sent to bankruptcy court last year and a resolution is pending

NCLT bars SBI from selling Videocon's overseas oil & gas assets

The National Company Law Tribunal (NCLT) has asked SBI not go ahead with its plans to sell the overseas oil & gas assets of Videocon Industries in its bid to recover some of their dues from the bankrupt group. Asking for maintaining the status quo, the NCLT said if SBI is allowed to execute the sale as advertised, the Videocon Group may suffer an irreparable losses if this tribunal in future takes a view that the assets in question belong to or owned by the group. These subsidiaries are special purpose vehicles (SPVs) specifically incorporated by Venugopal Dhoot for holding foreign oil and gas assets for and on behalf of the group, the tribunal said in its order dated September 7. Therefore, it said, the creditors of these SPVs have lodged their claims with the RP. However, on merits the matter is still sub judice, the tribunal added. "SBI is hereby prohibited to go ahead with the advertisement and is directed to maintain the status quo till the decision is ...

NCLAT rejects govt claims of $314 mn from Videocon for Ravva offshore

The ministry had on October 22 last year sent Videocon a demand notice for payment of govt's share of profit petroleum

NCLAT bars petroleum ministry from recovering Rs 2,245 crore from Videocon

Appellate tribunal upholds NCLT Mumbai order, says ministry free to approach RP with its claims

Delay in Q1 results due to insolvency proceedings consolidation: Videocon

The Venugopal Dhoot-promoted Videocon Group owes over Rs 90,000 crore to various public and private sector banks

State Bank of India seeks bids for Videocon's overseas oil and gas assets

SBI said it had appointed consultant Deloitte to find buyers for Videocon's exploration assets in Brazil and Indonesia

Debt-ridden Videocon Industries posts Rs 1,023 crore net loss in Q3FY19

Videocon's total income fell sharply to Rs 223.73 crore during the October-December of 2018-19 from Rs 864.34 crore in the corresponding period previous year

Consolidate all group subsidiaries as one entity: Videocon lenders to NCLT

The Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings

Cyril Amarchand Mangaldas withdraws report that gave clean chit to Kochhar

ICICI Bank in a regulatory filing Tuesday said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm

Videocon: A brand unravelled by diversification, debt, dubious deals

Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development