Corporate News
Videocon Industries lenders to vote on restarting the corporate insolvency process

Lenders of consumer durable company Videocon Industries and its 12 units on Wednesday decided to vote on starting afresh the resolution process of the Venugopal Dhoot-promoted group as directed by the appellate bankruptcy tribunal, said people aware of the development. “Although the court has directed to restart the process, lenders can go ahead with it only after a resolution on this is passed by the requisite majority,” said one of the lenders. At least 66% of lenders will have to vote to restart the process.

News Source:- https://economictimes.indiatimes.com/industry/cons-products/electronics/videocon-industries-lenders-to-vote-on-restarting-the-corporate-insolvency-process/articleshow/88881096.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23