Legal11 Nov 2026, 07:10 pm
TeleCanor Global faces IBC petition; contests via High Court writ
AI Summary
TeleCanor Global Ltd has received a petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company intends to contest this petition, stating that it had already initiated a Writ Petition (WP) No. 7800 of 2026 before the IBC case was filed. The petition was filed by Phoenix ARC Limited, which has taken over a loan amount from Dhanalaxmi Bank. TeleCanor Global is providing the requisite details as per SEBI Listing Regulations and will also make the information available on its website.
Key Highlights
- Company received IBC petition under Section 7.
- TeleCanor Global intends to contest the petition.
- Company filed a Writ Petition prior to IBC case.
- Phoenix ARC Limited is the petitioner.
- Loan amount taken over from Dhanalaxmi Bank.
Price Impact
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