Videocon Industries Ltd. News and Updates

Keep track of all breaking news on Videocon Industries Ltd. from all sources in a single place.

11 Nov 2024

Sebi orders attachment of bank accounts of Venugopal Dhoot, Electroparts

Business Standard

Capital markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of Venugopal Dhoot and Videocon industries' promoter entity Electroparts (India) to recover dues of around Rs 68.5 lakh. Before this, the regulator on September 30 sent a notice to Videocon Industries' promoter entity Electroparts (India) Pvt Ltd and its Chief Executive Officer (CEO) Venugopal Dhoot and asked them to pay dues within 15 days in a case on insider trading activities in the shares of Videocon Industries. The attachment notice came after Dhoot and Electroparts (India) failed to pay the fine imposed on them. In two attachment orders passed on Friday, the markets watchdog has ordered the attachment of bank, demat accounts and mutual fund folios of Venugopal Dhoot and Electroparts (India) to recover the pending dues. Going by the notices, dues of Rs 68.52 lakh were pending with Dhoot and Electroparts (India), which includes interest and recovery costs. As per the

Videocon Industries Ltd.

01 Oct 2024

Videocon case: Sebi issues Rs 1 cr demand notices to Dhoot, 2 others

Business Standard

Capital markets regulator Sebi has sent demand notices to industrialist Venugopal Dhoot and two other entities, asking them to pay nearly Rs 1.03 crore for insider trading activities in the shares of Videocon Industries. The regulator has warned Venugopal Dhoot of arrest and attachment of his bank accounts and assets as well as other entities if they fail to make the payment within 15 days. Apart from Dhoot, the other two entities who have been sent notices are Electroparts (India) Pvt Ltd and Videocon Realty and Infrastructures. The demand notices came after these entities, including Dhoot, failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in September 2021. In the event of non-payment of dues, the market watchdog will recover the amount by attaching and selling the moveable and immovable properties of these entities, the regulator said in three separate notices. Besides, they face attachment of their bank accounts and detention. In Sept

Videocon Industries Ltd.

07 Aug 2023

ICICI-Videocon loan fraud: Chanda Kochhar disclosed Videocon links to husband's firm only after Sebi query in 2018'

Business Today

The CBI has named the Kochhars and Venugopal Dhoot, Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd, and Videocon Industries Limited, as accused in the FIR.

Videocon Industries Ltd.

06 Aug 2023

ICICI-Videocon loan fraud: Venugopal Dhoot had warned Deepak Kochhar Chanda may end up 'sharing room' with Indrani Mukerjea

Business Today

ICICI Bank-Videocon Group case update: Kochhars and Dhoot, who were arrested in December 2022, are out on bail at present.

Videocon Group loan a business loss': ICICI Bank on CBI chargesheet against Kochhars, Venugopal Dhoot

Business Today | 06 Aug 2023

Videocon Industries Ltd.

05 Jul 2023

ICICI Bank-Videocon loan case: ICICI tells CBI that Videocon loans caused no wrongful loss

Business Today

Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group's promoter, V N Dhoot, have been charged in an alleged loan fraud scam case of Rs 3,250 crore, and all three were named in CBI's 11,000-page chargesheet.

Videocon Industries Ltd.

09 Jun 2023

Audit of Videocon hints at questionable accounting entries by promoters

Business Standard

A review audit of debt-ridden Videocon Industries has indicated that there may be certain "questionable accounting entries and/or transactions" in the company before the initiation of insolvency proceedings when the company was managed by the promoter Dhoot family. The Resolution professional of Videocon Industries has already filed an application with the NCLT to declare such transactions as "void and be set aside", said a note filed by the company to bourses while updating financial results for four quarters. This has come after an independent transaction review audit was conducted by the resolution professional of the company as required under the Insolvency and Bankruptcy Code for identification of preferential, undervalued, extortionate and fraudulent transactions. "The resultant observations from the Audit had indicated that there may be certain questionable accounting entries and/or transactions entered into before the commencement of CIRP", the note said. In his plea, Video

Videocon Industries Ltd.

08 Jun 2023, 07:17AM

ICICI-Videocon loan fraud case: CBI receives sanction letter from board to prosecute Chanda Kochhar

Moneycontrol

The case involves alleged cheating and irregularities in loans granted by the bank to Videocon Group companies. The sanction letter was obtained under section 19 of the Prevention of Corruption Act.