Outcome of COC meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Quadrant Televentures Ltd, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP) since an NCLT order dated September 2, 2025, informed the outcome of its fourth CoC meeting held on December 29, 2025. In the e-voting, creditors approved the appointment of Mr. Rajesh Jhunjhunwala as the new Resolution Professional (RP), replacing the previous RP Mr. Atul Kumar Kansal who had resigned. The resolution received 81.44% approval from the CoC, comfortably above the 66% threshold required for approval.
The appointment of a new Resolution Professional is a procedural but important step in the insolvency process, ensuring continuity in managing the company's revival or liquidation proceedings. Shareholders may see continued uncertainty as the CIRP progresses, with no clarity yet on a resolution plan or recovery prospects.