Legal4 Mar 2026, 05:44 pm
TV Vision Ltd Receives Insolvency Petition from Punjab National Bank for INR 294 Crores
AI Summary
TV Vision Ltd has received a copy of a petition filed by Punjab National Bank (PNB) under section 7 of the Insolvency and Bankruptcy Code, 2016. The petition alleges an outstanding amount of INR 294,43,49,883.41. This disclosure is considered material and may have an impact on the operations and financial position of the Company. The Company will keep stakeholders informed of any further material developments.
Key Highlights
- TV Vision Ltd has received a petition from Punjab National Bank under the Insolvency and Bankruptcy Code, 2016.
- The petition alleges an outstanding amount of INR 294,43,49,883.41.
- The Company is required to disclose this information due to its potential impact on operations and financial position.
- The Company will keep stakeholders informed of any further material developments.