The electronic auction for land and machinery is slated for March 30, 2019 with a reserve price of Rs 42.34 crore for land and Rs 72.82 crore for plant and machinery.
The Videocon group is among 40 large defaulters identified by the Reserve Bank of India (RBI) first for insolvency proceedings. The group's core businesses are consumer electronics and oil and gas exploration.
The lenders are auctioning the electronics business estimated to be worth $2 billion.
The subsidiaries of Videocon Industries are into manufacturing, sale and distribution of consumer goods. Some of the units referred to NCLT include Value Industries, Trend Electronics, KAIL, Millennium Appliances India, Applicomp India, Sky Appliances, Techno Electronics, Century Appliances, PE Electronics, Next Retail, Evans Fraser & Co and Videocon International Electronics.