NCLAT’s stay on the Videocon Resolution plan turns the clock back, say legal experts

The recent order of the National Company Law Appellate Tribunal (NCLAT) to stay the operation of the tribunal’s ruling in Videocon Industries Ltd (VIL) insolvency resolution process may turn the clock back for the revival of not only the Venugopal Dhoot promoted company but future group insolvency cases as well, legal experts said.