CoC approves resolution plan deadline extension and bid process ratification

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

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AI summary

Quadrant Televentures, currently under CIRP since Sept 2025, reports the outcomes of the 11th Committee of Creditors meeting held on June 11, 2026. All four resolutions were approved with 81.83 percent majority, including ratification of the bid challenge process, CIRP costs, appointment of cost auditor, and an extension of the deadline for submission of resolution plans. The extension indicates the insolvency resolution is still ongoing and bids are being actively solicited.

Likely market impact

Resolution plan deadline extended; insolvency process continues. Shareholders await final CIRP outcome and potential revival or liquidation decision.