Individual bankruptcy: A deep dive
Earlier this month, Venugopal Dhoot, former Videocon Industries promoter, was declared bankrupt in a Rs 12,668-crore loan default case. The move by the National Company Law Tribunal (NCLT) is being watched closely not only because it involves a high-profile industrialist but also because loan default cases rarely reach the bankruptcy stage in India.
What are the implications of individual bankruptcy under the Insolvency and Bankruptcy Code (IBC), how does it impact businesses, which are the roadblocks to be ironed out? These issues and much more will come up for discussion during the 31st episode of our webinar—Business Standard Dialogue.