Replacement of Resolution Professional
Price
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Quadrant Televentures, which is under the Corporate Insolvency Resolution Process (CIRP) since September 2, 2025, has got a new Resolution Professional (RP) appointed. The previous RP, Mr. Atul Kumar Kansal, resigned on December 5, 2025. The Committee of Creditors (CoC) then approved the appointment of Mr. Rajesh Jhunjhunwala as the new RP with 81.44% voting in favor. The NCLT Mumbai bench confirmed this appointment on January 12, 2026. The outgoing RP has been directed to hand over all assets and records to the incoming RP.
This is a procedural change in the ongoing insolvency process and does not change the company's existing CIRP status. Shareholders remain in a wait-and-watch position as the company continues to work toward a resolution plan under the new RP.