The Mumbai Bench of the National Company Law Tribunal (NCLT) has agreed to hear State Bank of India’s (SBI’s) plea to initiate personal insolvency against Rajkumar Dhoot and Pradeep Kumar Dhoot, two relatives of Venugopal Dhoot, the founder and former chairman and managing director of Videocon Industries Limited (VIL). The bank is seeking recovery of approximately Rs 600 crore from Rajkumar Dhoot and Pradeep Kumar Dhoot for giving the personal guarantees, sources in the know told The Indian Express. The case will be next be heard on January 27.
A separate case of personal insolvency against Venugopal Dhoot is scheduled to be heard by the NCLT on January 29, one of the sources said.
