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  • Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DG Apr 30, 2022 05:29 PM IST

    Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DG

    Financial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors have been better off than the next logical outcome, he added.

  • Videocon Insolvency: SC agrees to hear Twin Star appeal against NCLAT order Feb 14, 2022 11:29 AM IST

    Videocon Insolvency: SC agrees to hear Twin Star appeal against NCLAT order

    The Supreme Court said that it expects the Committee of Creditors to not proceed with fresh round of bids for Videocon as the court issued notice on the appeal.

  • NCLAT sets aside approval of Vedanta's plan for Videocon group, remits case to CoC Jan 05, 2022 02:59 PM IST

    NCLAT sets aside approval of Vedanta's plan for Videocon group, remits case to CoC

    The appellate tribunal while pronouncing its order said that the approval given to the Rs 2,900 crore plan by Twin Star, both by the lenders' panel as well as the adjudicating authority, was not in line with Section 31 of the Insolvency and Bankruptcy Code, as such it was set aside.

  • Venugopal Dhoot’s daughter-in-law buys duplex in Mumbai for Rs 52 crore from JSW Steel unit Dec 14, 2021 04:06 PM IST

    Venugopal Dhoot’s daughter-in-law buys duplex in Mumbai for Rs 52 crore from JSW Steel unit

    The apartment is located on the 11 and 12th floors of a project named 33 South, Peddar Road in South Mumbai. It is spread across an area of 3400 sq ft and comes with seven-car parking, the documents showed.

  • Sebi levies Rs 20 lakh fine on individual for insider trading in Videocon Oct 08, 2021 08:07 PM IST

    Sebi levies Rs 20 lakh fine on individual for insider trading in Videocon

    The authorised representative– Pradeep kumar Dhoot– was the insider who traded on behalf of the promoter the company, CE India Ltd, during the UPSI period.

  • Before ZEE, these companies faced shareholder activism Sep 14, 2021 02:56 PM IST

    Before ZEE, these companies faced shareholder activism

    The largest shareholders of Zee Entertainment Enterprises (ZEE) -- Invesco Developing Markets Fund and OFI Global China Fund LLC - have called an extraordinary general meeting seeking resignation of Managing Director Punit Goenka and two directors from the board. This isn’t the first time when the shareholders of a company have shown exit door to the promoters alleging wrong doings.

  • No bids, Videocon’s energy business extends deadline: Report Sep 06, 2021 09:37 AM IST

    No bids, Videocon’s energy business extends deadline: Report

    Videocon Oil Ventures Ltd (VOVL) earlier received expressions of interest from four companies including Vedanta and a Brazilian company Petrobras for its overseas assets, the report added.

  • NCLT directs freezing, attaching assets of Videocon promoters Sep 01, 2021 12:39 PM IST

    NCLT directs freezing, attaching assets of Videocon promoters

    The NCLT Mumbai bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters "in any company or society be frozen, and be prohibited from being transferred or alienation” and the details be shared with the Ministry of Corporate Affairs (MCA).

  • NCLT directs Videocon group promoters, former key executives to furnish affidavit detailing assets Aug 31, 2021 10:05 PM IST

    NCLT directs Videocon group promoters, former key executives to furnish affidavit detailing assets

    The NCLT has issued the order on a petition filed by the Ministry of Corporate Affairs (MCA) under Section 241& 242 of the Companies Act, 2013.

  • Sebi fines 7 entities for violations related to dealing in Videocon Industries shares Aug 10, 2021 03:09 PM IST

    Sebi fines 7 entities for violations related to dealing in Videocon Industries shares

    The entities -- Acuity Merchants Pvt Ltd, Coastal Fertilisers Ltd, Richhold Properties Pvt Ltd, Kaberi Goods Pvt Ltd, Invorex Vincom Pvt Ltd, Akansha Commodities Pvt Ltd and Godavari Commercial services Pvt Ltd -- have been slapped with a fine of Rs 1 lakh each, according to an order dated August 6.

  • Banking Central | The curious case of Videocon insolvency Aug 02, 2021 10:58 AM IST

    Banking Central | The curious case of Videocon insolvency

    The insolvency and bankruptcy code was designed to ensure a meaningful recovery for banks in a time-bound manner and give a graceful exit to promoters but some recent cases have exposed loopholes that allow former promoters to get back control of their businesses

  • NCLAT stays Anil Agarwal-led Twin Star's takeover bid for Videocon Industries Jul 19, 2021 08:37 PM IST

    NCLAT stays Anil Agarwal-led Twin Star's takeover bid for Videocon Industries

    The appellate tribunal has issued notices to the Committee of Creditors, the Resolution Professional of Videocon and the successful resolution applicant Twin Star. It has asked them to file the reply within two weeks and directed to list the matter on September 7 for the next hearing.

  • Videocon Insolvency: Creditors to take 96% haircut on dues,  NCLT says bidder 'paying almost nothing' Jun 16, 2021 10:08 AM IST

    Videocon Insolvency: Creditors to take 96% haircut on dues, NCLT says bidder 'paying almost nothing'

    The NCLT observed that many of the operational creditors are also MSMEs and may have to face 'inevitable' insolvency proceedings in the near future

  • Videocon insolvency | This is one IBC resolution not worth celebrating Jun 10, 2021 11:40 AM IST

    Videocon insolvency | This is one IBC resolution not worth celebrating

    Lenders have taken an over 90 percent haircut

  • NCLT clears Vedanta Group firm Twin Star’s bid for Videocon Group Jun 08, 2021 10:01 PM IST

    NCLT clears Vedanta Group firm Twin Star’s bid for Videocon Group

    Videocon’s committee of creditors had approved Twin Star’s bid by a 95 percent majority in December 2020

  • ICICI Bank-Videocon case: All you need to know about Deepak Kochhar Sep 08, 2020 03:41 PM IST

    ICICI Bank-Videocon case: All you need to know about Deepak Kochhar

    Deepak Kochhar is the husband of former ICICI Bank chief executive Chanda Kochhar, and the founder-CEO of NuPower Renewables.

  • ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19 Sep 08, 2020 02:31 PM IST

    ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19

    The Enforcement Directorate had arrested ICICI Bank CEO Chanda Kochhar's husband on September 7 in an ICICI Bank-Videocon money laundering case

  • ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next? Sep 08, 2020 01:14 PM IST

    ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?

    The ICICI-Videocon case is unlikely to end with Deepak Kochhar’s arrest. Names of Chanda Kochhar and other ICICI Bank officials who played a key role in sanctioning loan to the Videocon Group could come up next.

  • ICICI Bank-Videocon case: ED arrests Deepak Kochhar on charges of money laundering Sep 07, 2020 08:53 PM IST

    ICICI Bank-Videocon case: ED arrests Deepak Kochhar on charges of money laundering

    On January 31, the ED lodged a case of money laundering against Chanda and Deepak Kochhar, Videocon CMD Venugopal Dhoot and others.

  • DoT may ask Airtel to clear Videocon's AGR dues: Report Feb 19, 2020 09:36 AM IST

    DoT may ask Airtel to clear Videocon's AGR dues: Report

    The DoT has pegged Airtel’s AGR dues at around Rs 35,586 crore, Videocon’s liabilities at 2,041 crore and Aircel’s dues at Rs 11,950 crore.

  • In The News podcast | Yes Bank promoters sell stake; Indonesian billionaire looking to buy Videocon; Tata Steel to cut 3000 jobs and more Nov 19, 2019 08:30 PM IST

    In The News podcast | Yes Bank promoters sell stake; Indonesian billionaire looking to buy Videocon; Tata Steel to cut 3000 jobs and more

    Tune in to In The News podcast for the top news stories of the day from India and around the world.

  • Videocon union to stage sit-in at Venugopal Dhoots' residence today seeking pending salaries Nov 07, 2019 08:22 AM IST

    Videocon union to stage sit-in at Venugopal Dhoots' residence today seeking pending salaries

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

  • Here’s yet another way to kill Animal Spirits Aug 16, 2019 02:10 PM IST

    Here’s yet another way to kill Animal Spirits

    Investigative agencies should not treat all decision to sanction loans which have gone bad as crimes. Fear psychosis among bankers will kill lending.

  • ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again Jun 06, 2019 09:12 PM IST

    ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again

    The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.

  • ICICI-Videocon bank loan case: Chanda Kochhar appears before ED May 13, 2019 11:10 AM IST

    ICICI-Videocon bank loan case: Chanda Kochhar appears before ED

    Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before her scheduled appearance time of 11 am, official sources said.

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