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NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. The tribunal emphasized the distinct business sectors of VIL (consumer electronics) and VOVL (oil) and the creditors’ intent for independent resolutions, a decision rooted in commercial wisdom.

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India’s Rs 1.7 lakh crore fuel crisis may have found an unlikely fix

India faces high energy import costs and a weakening ₹. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technology. This innovation promises major fuel savings and emission reductions for Indian industries. The technology requires no engine modification or plant shutdowns. Trials in India show promising results for refineries, steel plants, and power…

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