
Legal31 Jul 2026, 05:11 pm
TV Vision Ltd: NCLT Admits CIRP, Appoints Interim Resolution Professional
AI Summary
TV Vision Limited has announced the admission of Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed by Punjab National Bank, a financial creditor, for an alleged debt of ₹294,65,82,103.48. Consequently, Mr. Alok Kumar Murarka has been appointed as the Interim Resolution Professional (IRP). The NCLT has also declared a moratorium, prohibiting suits, judgments, and asset disposals. The powers of the Board of Directors are suspended and will be exercised by the IRP, who will manage the company as a going concern. The CIRP commenced on July 30, 2026.
Key Highlights
- NCLT admits CIRP against TV Vision Ltd on Punjab National Bank's plea.
- Mr. Alok Kumar Murarka appointed as Interim Resolution Professional (IRP).
- Moratorium declared, suspending board powers and prohibiting asset disposal.
- IRP to manage the company as a going concern.
- CIRP commenced effective July 30, 2026.
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