dish tv they sold ownership in some of their gas fields and telecom business but it did not workfinally in 2018 it was dragged to the insolvency tribunal nclt by its creditor it owed around rs 31000 crore to the banks including interestsat the request of lenders the national company law tribunal nclt has conducted a consolidated corporate insolvency resolution process by combining videocon industries and the other 12 videocon group companiesin june 2021 a bid of merely rs 2692 crore from billionaire anil agarwals twin star technologies to take over videocon industries was approved by the nclt this also went into controversyearlier this year the national company law appellate tribunal nclat had set aside twin stars rs 2692 crore bid directing to invite fresh bidsthough it was challenged before the supreme court by twin star the creditors of videocon industries are still looking for a buyer according to some sources the lenders may even consider liquidation if they fail to find a buyer for the company which once was a success story