VIDEOCON PROMOTER
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
ED chargesheets UK national in probe against Videocon Group
The Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the Videocon Group. The investigation centers on money laundering linked to financing the company's overseas oil and gas assets. Funds totaling over two billion dollars were allegedly diverted through a complex network of foreign companies.
Videocon case: Sebi orders attachment of bank, demat accounts of Venugopal Dhoot, Electroparts
India's market regulator, Sebi, has taken action against Venugopal Dhoot and Electroparts (India), freezing their assets to recover unpaid dues of Rs 68.5 lakh. This follows a 2021 Sebi penalty for insider trading in Videocon Industries shares, where Dhoot and the promoter entities allegedly traded based on insider information about the company's loan classification as NPA.
Sebi issues Rs 1 crore demand notices to Venugopal Dhoot, 2 others for insider trading in Videocon shares
Capital markets regulator Sebi has sent demand notices to industrialist Venugopal Dhoot and two other entities, asking them to pay nearly Rs 1.03 crore for insider trading activities in the shares of Videocon Industries.
Sebi levies Rs 20 lakh fine on individual for insider trading in Videocon
"Trading by any insider during UPSI period and during window closure period is itself against the legislative/regulatory framework set-up under SEBI PIT Regulations, 2015," Sebi said.
Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities
"Noticees being insiders had executed off market transactions while in possession of Unpublished Price Sensitive Information (UPSI)," Sebi said.
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NCLT directs freezing, attaching assets of Videocon promoters
NCLT Mumbai bench has directed the CDSL and NSDLthat securities owned or held by the Videocon promoters "in any company or society be frozen.
MCA petitions NCLT seeking attachment of assets of videocon promoters
The MCA has clarified that they are not seeking any reliefs against the corporate debtor (companies) but they are impleaded and the reliefs are only against erstwhile promoters and key managerial personnel of the group but not against the company.
SBI initiates insolvency proceedings against Videocon promoters
In a petition filed by Videocon resolution professional Asish Narayan on behalf of the group's largest lender State Bank of India (SBI), insolvency petitions have been initiated against the Dhoots in their capacity as personal guarantors to recover dues from the company.
American Tower Corporation opposes consolidation of books of Videocon group
While Videocon Telecommunications owes around Rs 24,000 crore to lenders, 12 other group entities under Videocon Industries owe Rs 59,000 crore to the system.
ED registers case against former ICICI Bank CEO Chanda Kochhar
The agency will primarily examine whether Chanda Kochhar made personal gains by alleged irregularities in release of loans sanctioned by ICICI bank to Videocon in 2012.
ICICI Bank in line of CBI fire, stock slides 1.5%
The agency has turned its preliminary enquiry probing the alleged nexus into an FIR.
Videocon gets highest claims from creditors
Videocon Industries has posted losses of 2,072 crore over revenues of Rs 60 crore for the quarter ending March 2018.
Chanda learned of Venugopal Dhoot joining NuPower board after his exit: Deepak Kochhar
"I have never said that inviting Mr Dhoot as a director was my biggest mistake and I have issued a clarificatory statement," said Deepak Kochhar.
CBI goes through Videocon loan trail, questions ICICI Bank officials
Agency officials said if they come across any proof of wrongdoing, Chanda Kochhar, her husband Deepak Kochhar could be summoned.
CBI to probe whistleblower's laundering charges against Chanda Kochhar's husband
CBI has registered a preliminary enquiry into the alleged nexus between Chanda Kochhar’s husband Deepak Kochhar & Videocon group chairman Venugopal Dhoot.
ICICI has denied any wrongdoing, clears Chanda Kochhar
In January 2009 just after buying a stake in NuPower, Dhoot transferred his shares to Deepak Kochhar for Rs 2.5 lakh and resigned as director.
Videocon to exit insurance biz, sell entire stake to Diamond Dealtrade & Enam
Videocon has submitted its proposal to Insurance Regulatory and Development Authority to sell it's stake in the company. Diamond Dealtrade will buy 26% while and Enam Securities remaining 25.32%.
Pledgees invoke 3.19% shares of debt laden Videocon
Pledged by promoter groupentities Videocon Realty, TekCare, Solitaire Appliances were invoked
Videocon promoted Rajesh Rathi as the business head
Mr Rathi was earlier the national head and responsible for the group’s consumer durable sales across India. He has also been heading the company’s other business verticals.
Crompton Greaves consumer electricals leads the race for Kenstar
The estimated enterprise value of Kenstar is between Rs 1600 crores - Rs 2200 crores, added a third individual familiar with the proposed transaction.
Will buy some shares from DTH promoters at later stage: Jawahar Goel, Dish TV
"It will take 8 months to close the Dish TV-Videocon D2H deal. Dish TV promoter will like to increase the shareholding after we had discussed and agreed."
Videocon Ind promoters raise stake in firm to over 21 pc
Promoters of diversified business firm Videocon Industries have increased their stake in the company to 21.68 per cent by buying shares from the open market.
Investor ire over share pledging hits Jupiter Bio, Assam Co, Videocon
Upset over promoters pledging shares in their company, investors were selling Jupiter Bioscience, Assam Company and Videocon Industries in sizeable quantities on Tuesday.
Dhoots, Nahata in talks to end Datacom feud
HFCL-promoter Mahendra Nahata and the Dhoots of Videocon Group may soon arrive at a solution to end the corporate battle over Datacom.
Dhoot's adamant approach hindering solution: Nahata
Datacom is heading for a courtroom battle, with HFCL's Mahendra Nahata alleging that his alliance partner V N Dhoot of Videocon is reneging on commitment and has threatened to take legal recourse.
Datacom-HFCL legal battle may spoil party before it starts
Videocon-promoted telecom venture Datacoms roll-out plans envisaging an investment of up to Rs 15,000 crore may get upset with its minority shareholder HFCL preparing to fight a legal battle for alleged violation of shareholders agreement between the two.
Videocon enters durables retail biz with NEXT
Indian durable major Videocon has quietly moved into the consumer durables retailing space through NEXT, a chain of stores across the country.
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