Business Standard

Why some don't deserve a second chance

Last week, Videocon's Venugopal Dhoot and DHFL's Kapil Wadhawan offered to pay to pull their firms out of insolvency process


Shyamal Majumdar New Delhi
Last week saw two of the country’s once-upon-a-time celebrities in the corporate world make a renewed bid to pull their companies out of the insolvency process. While Venugopal Dhoot, the promoter of bankrupt Videocon Industries, offered to pay over Rs 31,000 crore to lenders, Kapil Wadhawan of Dewan Housing Finance Corporation Ltd (DHFL) offered his rights, title and interest in at least 10 projects that he claimed were valued at close to Rs 44,000 crore. In his letter to the administrator appointed by the Reserve Bank of India, Mr Wadhawan, who is currently in jail, said this would enable proper
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First Published: Oct 30 2020 | 12:26 AM IST

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