InvestorQ : Why has Venugopal Dhoot moved the appellate tribunal against the NCLT order on Videocon?
Sam Eswaran made post

Why has Venugopal Dhoot moved the appellate tribunal against the NCLT order on Videocon?

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Moii Chavate answered.
2 months ago
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Venugopal Dhoot moved the NCLT Appellate Tribunal against NCLT order approving the bid of Twinstar for Videocon worth Rs.2,962 crore. Twinstar is part of the Vedanta group. In fact, Dhoot had submitted a zero-haircut plans and wants the NCLAT to consider that plan as it is more profitable to creditors. Dhoot blamed the decision to separate oil and consumer assets for the low price realisation, which according to Dhoot should be 50% instead of 5%.

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