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India Court Allows Billionaire Agarwal to Takeover Videocon

India Court Allows Billionaire Agarwal to Takeover Videocon
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Twin Star , Bankruptcy Court , Vedanta Group , Ostar Technologies , Anil Agarwal , வெற்றி நட்சத்திரம் ,

Welcome clarification - The Hindu BusinessLine


Welcome clarification
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SC ruling on personal guarantees in corporate bankruptcies is welcome, but NCLT is not in sync
There have been two important, and in fact contrary, developments regarding insolvency and bankruptcy laws last week. A positive development was the Supreme Court ruling that creditors can initiate proceedings against personal guarantors of a corporate debtor, and even after approval of a resolution plan. This will facilitate more effective resolutions of corporate insolvencies and better recoveries for banks. The apex court has now clarified that the surety or guarantee arises from an independent contract with the creditors
vis-a-vis the resolution plan, thereby upholding the notification of the Centre issued in November 2019 in this regard. Therefore, parallel proceedings against the corporate debtor and their personal guarantor will now come under a common adjudicator the NCLT. The NCLT shall have a fair view of the assets available to sett ....

Kapil Wadhawan , Punj Lloyd , Supreme Court , Committee Of Creditors Co , Committee Of Creditors , Housing Finance Ltd , Piramal Capital , கபில் வாதவன் , பூஞ்ச் லாயிட் , உச்ச நீதிமன்றம் , குழு ஆஃப் கடன் வழங்குநர்கள் இணை , குழு ஆஃப் கடன் வழங்குநர்கள் , வீட்டுவசதி நிதி லிமிடெட் , பிரமல் மூலதனம் ,

Chanda Kochhar: Videocon ex-promoter Venugopal Dhoot granted bail in ICICI Bank-Chanda Kochhar case


Synopsis
The bail application was moved by Dhoot’s lawyer Sandeep Ladda at the court of additional sessions judge AA Nandgaonkar seeking relief from arrest for the 70 year old Dhoot on grounds of his age and ill health during the course of the trial.
Dhoot’s counsel is said to have given a suo moto assurance that he will not leave the country.
Videocon’s former promoter Venugopal Dhoot has been granted bail by a special prevention of money laundering act (PMLA) court in Mumbai where the enforcement directorate has charged him for offences in connection with an alleged loan-for-kickback scandal involving former ....

Deepak Kochhar , Chanda Kochhar , Sandeep Ladda , Venugopal Dhoot , Nupower Renewables Limited , Chanda Kochhar To Videocon International Electronics , Videocon Industries Limited On , Nupower Renewables Pvt Ltd , Enforcement Directorate , Videocon International Electronics Limited , Videocon Industries Limited , Icici Bank , தீபக் கோச்சர் , சாந்தா கோச்சர் , சந்தீப் லடா , வேணுகோபால் தூட் , சாந்தா கோச்சர் க்கு வீடியோ கான் சர்வதேச மின்னணுவியல் , வீடியோ கான் தொழில்கள் வரையறுக்கப்பட்டவை ஆன் , அமலாக்கம் இயக்குநரகம் , வீடியோ கான் சர்வதேச மின்னணுவியல் வரையறுக்கப்பட்டவை , வீடியோ கான் தொழில்கள் வரையறுக்கப்பட்டவை , இஸிசீ வங்கி ,