Attach assets of Videocon promoters: NCLT
The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the Ministry of Corporate Affairs.
The NCLT Mumbai Bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters “in any company or society be frozen, and be prohibited from being transferred or alienation” and the details be shared with the Ministry of Corporate Affairs (MCA).
