NCLT declares Venugopal Dhoot bankrupt over SBI dues
In short
The NCLT Mumbai bench declared former Videocon promoter Venugopal Dhoot bankrupt over SBI dues linked to unpaid personal guarantees. CNBC TV18 said the dues were over ₹12,000 crore, including ₹12,668 crore mentioned in the report.
The tribunal also appointed a bankruptcy professional. This strengthens SBI’s recovery move against Dhoot.
What the reporting says
The NCLT Mumbai bench declared former Videocon promoter Venugopal Dhoot bankrupt after admitting SBI's petition over unpaid personal guarantees of more than ₹12,000 crore. CNBC TV18 said the case involved SBI dues of ₹12,668 crore and that the tribunal appointed a bankruptcy professional. The order escalates the lender’s recovery action against Dhoot over the guarantees.
Why it matters
The NCLT Mumbai bench declared former Videocon promoter Venugopal Dhoot bankrupt after admitting SBI’s petition over unpaid personal guarantees totaling more than ₹12,000 crore, with the report citing ₹12,668 crore in dues. The tribunal appointed a bankruptcy professional, advancing SBI’s recovery case. The order directly affects Dhoot and reflects a formal insolvency step tied to the guarantees.