TV Vision Ltd Faces Insolvency Proceedings Under IBC Section 7

TV Vision Ltd has been informed that the National Company Law Tribunal (NCLT), Mumbai Bench, has orally pronounced an order admitting an application filed by Punjab National Bank, a financial creditor. The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process (CIRP) against the company. The detailed written order is awaited, and the company will submit it to the stock exchanges upon receipt, along with further required disclosures. This announcement is based on the oral pronouncement to ensure timely dissemination of material information.