https://www.taxtmi.com/news?id=72929 Separate corporate insolvency resolution processes for Videocon Industries Ltd. and Videocon Oil Ventures Ltd. were treated as independently maintainable on the basis of the distinct nature of their businesses, the creditors' commercial wisdom, and the need for specialised resolution. The appellate tribunal held that consumer electronics operations and oil-related businesses could not realistically be revived through a single common insolvency process, and that the tribunal should not interfere with the committee of creditors' decision to keep the two CIRPs separate. en-us Thu, 21 May 2026 19:16:03 +0530 Thu, 21 May 2026 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72929 Separate corporate insolvency resolution processes for Videocon Industries Ltd. and Videocon Oil Ventures Ltd. were treated as independently maintainable on the basis of the distinct nature of their businesses, the creditors' commercial wisdom, and the need for specialised resolution. The appellate tribunal held that consumer electronics operations and oil-related businesses could not realistically be revived through a single common insolvency process, and that the tribunal should not interfere with the committee of creditors' decision to keep the two CIRPs separate. News - Thu, 21 May 2026 19:16:03 +0530 https://www.taxtmi.com/news?id=72929