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NCLT declares former Videocon promoter Venugopal Dhoot bankrupt over Rs 12,668 Crore SBI dues

New Delhi, Nov 6 (UNI) The National Company Law Tribunal (NCLT), Mumbai bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt in connection with loan defaults amounting to Rs 12,668 crore owed to the State Bank of India (SBI). The tribunal admitted SBI''s bankruptcy petition against Dhoot, who had provided personal guarantees for credit facilities extended to Videocon Industries and its group entity.

#NCLT declares former Videocon promoter Venugopal Dhoot bankrupt over Rs 12 #668 Crore SBI dues