 "Videocon Group Chairman Venugopal Dhoot")
Venugopal Dhoot, the promoter of Videocon Industries, has moved the National Company Law Appellate Tribunal (NCLAT) against the debt resolution professional of the company, Deloitte and the Committee of Creditors for selling the company “cheap” to Vedanta group, in a move that caused a huge loss not only to the lenders but also failed to realise the true value of the company.
Asking the tribunal to scrap the entire resolution plan and seek a fresh resolution plan, Dhoot said both oil and consumer durable assets should be sold jointly and not separately so that the company gets its true value.
