NCLT To Use Videocon Case As Precedent For Group Insolvency Cases
Videocon mobile phones at a store in Mumbai. Cross-repayment obligations and heavy debt have hobbled insolvency proceedings of three large groups—Videocon, IL&FS and Reliance Communications. (Photographer: Pal Pillai/Bloomberg)

NCLT To Use Videocon Case As Precedent For Group Insolvency Cases

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National Company Law Tribunal has allowed consolidation of insolvency proceedings for 13 Videocon Group entities, in a decision that would pave the way for faster resolution of debt in troubled con...
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