
Loan & Debt15 Jun 2026, 04:40 pm
Quadrant Televentures: CIRP Period Extended by 60 Days
AI Summary
Quadrant Televentures Limited has received an order from the National Company Law Tribunal (NCLT), Mumbai bench, extending the Corporate Insolvency Resolution Process (CIRP) period by 60 days. The extension is effective from May 31, 2026, until July 29, 2026. This extension was sought by the Resolution Professional to facilitate the ongoing insolvency resolution process, which involves inviting and evaluating resolution plans. The NCLT's decision allows more time for the resolution process to be completed.
Key Highlights
- NCLT grants 60-day extension for Quadrant Televentures' CIRP.
- CIRP period now extended from May 31, 2026, to July 29, 2026.
- Extension aims to facilitate the resolution process.
- Resolution Professional is managing the ongoing insolvency proceedings.
Price Impact
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