Multiple appeals were filed against NCLT orders concerning the inclusion of foreign oil and gas assets of Videocon Oil Venture Ltd (VOVL) and its subsidiaries into the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd (VIL) + 12 group companies. Mr. Venugopal Dhoot initially sought to ring-fence foreign assets from VIL's domestic troubles, then later sought their inclusion in VIL's CIRP. The NCLT Mumbai Bench initially allowed Mr. Dhoot's application (MA 2385/2019) on 12.02.2020, directing the Resolution Professional to treat these foreign assets as VIL's assets for CIRP. This order was subsequently stayed by NCLAT.

Multiple appeals were filed against NCLT orders concerning the inclusion of foreign oil and gas assets of Videocon Oil Venture Ltd (VOVL) and its subsidiaries into the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd (VIL) + 12 group companies. Mr. Venugopal Dhoot initially sought to ring-fence foreign assets from VIL's domestic troubles, then later sought their inclusion in VIL's CIRP. The NCLT Mumbai Bench initially allowed Mr. Dhoot's application (MA 2385/2019) on 12.02.2020, directing the Resolution Professional to treat these foreign assets as VIL's assets for CIRP. This order was subsequently stayed by NCLAT.