Ousted Videocon promoter Venugopal Dhoot declared bankrupt over Rs 12,668 crore dues
Venugopal Dhoot, the ousted promoter of Videocon, has been declared bankrupt by a court over outstanding dues of Rs 12,668 crore. The ruling stems from debts owed by the group's companies to lenders and creditors. The declaration places Dhoot's personal assets under the control of the insolvency process to recover the amounts owed. The development is part of the broader fallout from the financial troubles that engulfed the Videocon group.
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