03-March-2026
Corporate News
 
NCLAT dismisses Dhoot brothers’ plea in Rs 5,354 crore SBI insolvency case
02-Mar-2026

The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers - Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries. Personal Insolvency against the Dhoot brothers was initiated after SBI had issued a demand notice of Rs 5,353.78 crore over defaults by Videocon Industries, the principal borrower, for which they were the personal guarantors.

News Source:- https://economictimes.indiatimes.com/industry/cons-products/electronics/nclat-dismisses-dhoot-brothers-plea-in-5354-crore-sbi-insolvency-case/articleshow/128911546.cms
 
 
 

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