Videocon insolvency: Lenders make U-turn, want fresh bids

Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15 per cent of the admitted claims of Rs 64,838.63 crore of lenders.

published on : 20th September 2021

ICICI-Videocon case: HC declines urgent hearing on plea by Deepak Kochhar

The alleged money laundering case being investigated by the ED related to siphoning off six high-value loans from ICICI Bank to various companies of Videocon Industries Ltd.

published on : 8th September 2021

Supreme Court asks DoT not to invoke Airtel bank guarantee

On August 17, however, the DoT had sent demand notices for the payment of these dues within the week, failing which Bharti Airtel’s bank guarantees would be invoked.

published on : 25th August 2021

SEBI fines 7 entities for violations related to dealing in Videocon Industries shares

The watchdog had conducted an investigation into the trading of the firm's shares during April-September 2017 period.

published on : 10th August 2021

Venugopal Dhoot moves NCLAT against Anil Agarwal's Twin Star takeover bid for Videocon

While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.

published on : 1st August 2021

NCLAT stays Videocon’s resolution

Bank of Maharashtra had moved NCLAT against the June 8, 2021 NCLT order approving the resolution plan submitted by Vedanta.

published on : 20th July 2021

ED conducts searches against Videocon group, promoters in money-laundering case

They said the searches were being conducted at multiple premises. Further details about the latest action were not available immediately.

published on : 17th July 2021

Why has IBC failed to live up to its promise?

Take away some high-profile resolutions where buyers paid big value and the recovery rate drops to 24%. What can be done to ensure better recoveries?  

published on : 2nd July 2021

Experts continue to give benefit of doubt to IBC 

Poor recovery in Videocon is not a case in isolation. The insolvency data show that there are many cases where recovery has been abysmally low—less than 20-30 per cent of banks’ claims.

published on : 25th June 2021

Videocon insolvency: Creditors to take 96 per cent haircut on dues; NCLT says bidder 'paying almost nothing'

Videocon Industries and its 12 group companies had a total admitted claims of Rs 64,838.63 crore.

published on : 15th June 2021

Videocon to give Anil Agarwal's group majority stake in Ravva oilfield

Videocon, a consumer durables company manufacturing air-conditioners to washing machines, was among the first 12 companies pushed into bankruptcy after directions from the RBI in 2017.

published on : 9th June 2021

Anil Agarwal’s Rs 3,000 crore bid for Videocon given approval by NCLT

Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time.

published on : 9th June 2021

Chanda Kochhar cites poor health, seeks break from ED grilling

Former ICICI Bank MD & CEO Chanda Kochhar has sought exemption from questioning by the Enforcement Directorate (ED), citing poor health.

published on : 18th May 2019

Videocon case: ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help

Earlier in March, when the reports first surfaced in this regard, the bank had said that its board has "full confidence and reposes full faith" in Kochhar.

published on : 10th June 2018

ICICI's Chanda Kochhar helped Essar round-trip Rs 453 crore, says whistleblower

Whistle-blower Arvind Gupta, in March 2016, had written a letter to the prime minister alleging dirty dealings between the bank, through Chanda Kochhar, and the Videocon Group to benefit her family.

published on : 2nd June 2018
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