{"id":379955,"date":"2020-10-22T11:20:32","date_gmt":"2020-10-22T05:50:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379955"},"modified":"2020-10-22T12:04:27","modified_gmt":"2020-10-22T06:34:27","slug":"videocon-insolvency-case-dhoot-family-offers-to-pay-rs-30000-crore-to-lenders-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/videocon-insolvency-case-dhoot-family-offers-to-pay-rs-30000-crore-to-lenders-2\/","title":{"rendered":"Videocon insolvency case: Dhoot family offers to pay Rs 30,000 crore to lenders"},"content":{"rendered":"<p>The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. <\/p>\n<p>A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI. <\/p>\n<p>Venugopal Dhoot was the Chairman and Managing Director of the suspended board of Videocon Industries. The company\u2019s board was suspended following initation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). <\/p>\n<p>The Dhoot family \u2014 erstwhile promoters of the group \u2014 expects a final decision on the settlement offer by the end of this year, provided the lenders and the National Company Law Tribunal (NCLT) agree to it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI. Venugopal Dhoot was the Chairman and Managing Director of the suspended board of Videocon Industries. The company\u2019s board was suspended following initation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The Dhoot family \u2014 erstwhile promoters of the group \u2014 expects a final decision [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-379955","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}