Explained: Deepak Kochhar's joint ventures with ICICI Bank borrower Venugopal Dhoot

According to Registrar of Companies filings, ICICI chief Chanda Kochhar's husband Deepak and Videocon chief Dhoot set up a joint venture NuPower Renewables Pvt Ltd (NRPL) in December 2008. Dhoot, his family members and associates held 50-per cent stake in NRPL with the remaining shares owned by Deepak Kochhar and Pacific Capital, which was owned by his family.

A year later in January 2009, Dhoot resigned as NRPL director and transferred his around 25,000 shares to Deepak Kochhar. In March 2010, NRPL secured a loan of Rs 64 crore from a company called Supreme Energy Private Limited, which was owned by Dhoot.