CoC approves appointment of senior counsel for resolution plan approval

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.4% vs market

Telecom - Cellular & Fixed line services peers, median of 7sector+1.0%-2.2% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.2 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 7Pending

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AI summary

Quadrant Televentures, under CIRP since September 2025 per NCLT order, concluded its 16th Committee of Creditors meeting. The CoC approved ratifying the appointment of senior counsel and professional fees for the Resolution Professional to represent the company in the interlocutory application seeking approval of the resolution plan. The resolution passed with 95.6 percent voting in favor against the 51 percent threshold required.

Likely market impact

Procedural step in ongoing insolvency. Next milestone is NCLT approval of the resolution plan. No immediate impact on share value from this vote.