The National Company Law Tribunal at Mumbai has declared former Videocon Industries promoter Venugopal Dhoot bankrupt, admitting the State Bank of India’s petition over personal guarantees backing more than Rs 12,668 crore in group loans. Mumbai: The National Company Law Tribunal (NCLT), Mumbai Bench, on November 5, 2026, declared Venugopal Nandlal Dhoot, the erstwhile promoter […]
![[Nithari Killings Case]| Supreme Court to Hear Plea Against Acquittal](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/image-43-1.png?resize=447%2C367&ssl=1)
Today, 19th April, The Supreme Court ruled that special courts led by sessions judges have the authority to try offenses under the Insolvency and Bankruptcy Code (IBC), contradicting the Bombay High Court’s interpretation. This broadens the scope of courts eligible to handle IBC cases. The ruling resulted from a Division Bench decision, sending the case back to the High Court for a new verdict.
