Legal5 Jun 2026, 03:53 pm
TV Vision Receives IBC Petition for ₹5.17 Cr Debt
AI Summary
TV Vision Ltd has received a petition from UCN Cable Network Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition claims an outstanding amount of INR 5,16,69,147.65. The company acknowledges this as a material event that could impact its operations and financial standing, and has committed to keeping stakeholders informed of further developments.
Key Highlights
- Company received IBC petition from operational creditor.
- Claim amount stands at ₹5.17 Crores.
- Petition filed under Section 9 of IBC, 2016.
- Potential impact on company's operations and finances.
- Further developments will be disclosed.
Price Impact
More from TVVISION