SC admits Videocon RP’s appeal seeking documents from suspended top brass
The Supreme Court on Monday admitted an appeal by Pravin R Navandar, the insolvency resolution professional (RP) of Videocon Oil Ventures (VOVL), seeking documents from the suspended management led by Venugopal Dhoot and others for determination of avoidance transactions related to the debt-laden firm’s subsidiaries through which the participating interest in oil and gas blocks are allegedly held in Brazil.
A Bench led by Justice Indira Bannerjee while admitting the appeal stayed a part of the NCLAT’s order that remitted the case back to the NCLT.
“There will be stay of operation of the judgment and order impugned to the extent the matter has been remitted back to the National Company Law Tribunal,
