NCLT Declares Venugopal Dhoot Bankrupt over ₹12,668 Crore SBI Default: Tax Revenue and Insolvency Implications
The NCLT Mumbai bench has declared Videocon promoter Venugopal Dhoot bankrupt following an SBI petition over a ₹12,668 crore default. Here is an analysis of the ruling and its fiscal, GST, and revenue compliance implications.