NCLT dismisses operational creditor IBC petition against TV Vision

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

TVVISION · price

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Price reactionminutes from the announcement price · days from the prior close

+2.9%Reaction day

₹4.13

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+3.0% vs market

TV Broadcasting & Software Production peers, median of 16sector-0.1%+3.0% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.0 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.9-0.1+3.0-0.1+3.0

Next day

-2.2-0.2-2.0-0.4-1.7

-4.4+0.1-4.5-1.2-3.1

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UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

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AI summary

TV Vision announced NCLT Mumbai dismissed the Section 9 IBC petition filed by Swami Films Entertainment as operational creditor. The petition was dismissed as infructuous and proceedings stand disposed of. Note: company remains under Corporate Insolvency Resolution Process with an Interim Resolution Professional appointed.

Likely market impact

Operational creditor petition dismissed as infructuous. Company remains under CIRP, overall insolvency status unchanged.