NCLT dismisses Section 9 IBC petition against TV Vision

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

TVVISION · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.9%Reaction day

₹4.13

prior close

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announcement price

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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

-1.0+0.3-1.3-1.0+0.0

+0.5+0.4+0.1-0.8+1.3

-4.4+0.5-4.9-1.5-2.9

-4.6+0.3-4.9-2.1-2.5

15d

-10.9+1.9-12.8-1.0-9.9

-30.3+2.2-32.4-2.8-27.5

-37.0-1.2-35.9-7.2-29.8

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Mumbai has dismissed as infructuous the Section 9 IBC petition filed by Swami Films Entertainment Private Limited, an operational creditor, against TV Vision Limited. The proceedings are now disposed of. The company is currently under Corporate Insolvency Resolution Process, with an Interim Resolution Professional managing its affairs.

Likely market impact

Positive for shareholders as this insolvency petition has been dismissed, though the company remains under the existing CIRP framework.