Quadrant Televentures CoC Approves Resolution Plan

Quadrant Televentures Limited's Committee of Creditors (CoC) has approved one resolution plan and rejected others during its Twelfth meeting. The approved plan will be submitted to the Hon'ble NCLT for final approval. Several other resolutions were also passed, including approval for a tie-breaker formula, extension of resolution plan submission deadline, revision in PLI for RP, related party transactions, CIRP cost, budget for CIRP cost, and the inclusion of the Resolution Professional as a member of the monitoring committee for plan implementation. All resolutions required a majority vote and received overwhelming approval, with the main resolution plan approval at 100%.