The principal bench of the National Company Law Tribunal (NCLT) on Wednesday directed to transfer all insolvency petitions related to Videocon group being heard in Mumbai courts to a single court there.
NCLT President Justice M M Kumar directed to transfer all insolvency petitions related to Videocon group to one court headed by M K Shrawat.
The Mumbai bench of NCLT has three courts.
The order of NCLTs Principal bench came over a petition jointly moved by lenders led by State Bank of India as well as the corporate debtor, the Videocon group and Venugopal N Dhoot.
The Mumbai bench of the tribunal in June admitted the insolvency plea against Videocon.
Following this, SBI had moved separate insolvency petitions against all the 13 subsidia…
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