Outcome of the meeting of Committee of Creditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Quadrant Televentures Limited, currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025, has informed BSE about the outcome of its Ninth Committee of Creditors meeting held on May 21, 2026. The e-voting for the meeting concluded with all resolutions being approved with 77.19% voting. Key approvals include: extension of resolution plan submission deadline to May 25, 2026; ratification of CIRP costs incurred by the corporate debtor per Regulation 31B of CIRP Amendment Regulation 2024; and extension of CIRP timeline expiring on May 30, 2026. The company also ratified the shorter 24-hour notice period used for convening the CoC meeting.
The approval of timeline extensions indicates the insolvency resolution process is ongoing and progressing. Shareholders should note that the company remains under CIRP with no final resolution plan approved yet, and the extended timeline gives more time for a potential resolution.