NCLT admits Videocon Industries for insolvency proceedings
Updated : June 14, 2018 10:53 AM IST
The Venugopal Dhoot-controlled group owes over Rs 20,000 crore to lenders, which includes State Bank of India’s Rs 3,961 crore and ICICI Bank's Rs 3,250 crore exposure.
Videocon is in the second list of 28 defaulters identified by the Reserve Bank of India (RBI) under the Insolvency and Bankruptcy Code (IBC).
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