Videocon bankruptcy: IBBI bars RBSA from taking new insolvency-related work
The controversy over the sale of Videocon erupted after the NCLT questioned if the liquidation value was leaked. While approving the plan, the tribunal also observed that “the successful resolution applicant is paying almost nothing”. This prompted the lenders to rethink the sale of the Venugopal Dhoot-promoted companies to Twin Star.
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