Industrialist Venugopal Dhoot, the personal guarantor to the credit facilities availed by Videocon Industries Ltd (VIL), has been declared bankrupt by the National Company Law Tribunal’s (NCLT) Mumbai Bench.This NCLT order follows a petition filed by State Bank of India (SBI) under Section 123 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the bankruptcy process against the personal guarantor. The NCLT has admitted the bank’s petition.Dhoot is the erstwhile promoter and director of V ...