Quadrant Televentures Limited announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-I, has allowed its resolution plan. This follows the earlier submission of the plan on August 27, 2026, for final approval under the Insolvency and Bankruptcy Code, 2016. An official order from the NCLT is awaited, and upon receipt, the company will upload it to the stock exchange. This marks a significant development in the company’s Corporate Insolvency Resolution Process (CIRP).
NCLT Approves Resolution Plan for Quadrant Televentures
Quadrant Televentures Limited has received a crucial approval for its resolution plan from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-I. This development was communicated on November 3, 2026, following the submission of the plan for final approval under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Key Milestones in CIRP
The company had initially submitted its resolution plan on August 27, 2026. The recent decision by the NCLT to allow the plan represents a significant step forward in the Corporate Insolvency Resolution Process (CIRP) that Quadrant Televentures has been undergoing since September 2, 2025. The formal order from the NCLT is now anticipated, and upon its receipt, the company is committed to promptly uploading it to the relevant stock exchange.
This approval is a pivotal moment for Quadrant Televentures, signaling a path towards resolution and potential revival under the IBC framework.
Source: BSE
