Quadrant Televentures Limited , a telecommunications company, has initiated the Corporate Insolvency Resolution Process (CIRP) following an order by the National Company Law Tribunal (NCLT), Mumbai bench. The company made this announcement through public notices published in various newspapers on September 5, 2025.

Key Details of the Insolvency Process

Public Announcement and Creditor Claims

Quadrant Televentures has published public announcements in multiple newspapers across different languages and regions, including:

• Financial Express (English - Mumbai, Chandigarh, and Ahmedabad editions)
• Jansatta (Hindi - Chandigarh edition)
• Loksatta (Marathi - Aurangabad edition)
• Kashmir Uzma (Urdu - Jammu edition)
• Early Times (English - Jammu edition)
• Loksatta-Jansatta (Gujarati - Surat, Ahmedabad, and Vadodara editions)

The company has called upon its creditors to submit their claims with proof by September 16, 2025, to the interim resolution professional. Financial creditors are required to submit their claims electronically, while other creditors may submit claims in person, by post, or electronically.

Company Information

Quadrant Televentures Limited, with the Corporate Identification Number L00000MH1946PLC197474, has its registered office at Flat No. 8, B-Type, Sadafuli Building, Tirupati Park, Gurusahani Nagar, N-4, CIDCO, Aurangabad 431001, Maharashtra. The company's corporate office is located at B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab.

Implications and Next Steps

The initiation of the CIRP indicates that Quadrant Televentures is facing financial difficulties. During this process, the appointed interim resolution professional will take control of the company's assets and manage its operations. The resolution professional will work to formulate a plan to resolve the company's financial issues and, if possible, turn around its operations.

Creditors and stakeholders of Quadrant Televentures should take note of the claim submission deadline and follow the prescribed procedures to ensure their interests are represented in the insolvency resolution process.

As the CIRP unfolds, it will be crucial for all parties involved to cooperate with the interim resolution professional and adhere to the guidelines set forth by the Insolvency and Bankruptcy Code, 2016. The outcome of this process will determine the future of Quadrant Televentures Limited and its ability to continue operations in the telecommunications sector.

Quadrant Televentures Limited (QTL), a telecommunications company, has received a notice from its Debenture Trustee, IDBI Trusteeship Services Limited, under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This development marks a significant escalation in the company's financial challenges.

Key Points

• Symbolic Possession: The Debenture Trustee has informed QTL that symbolic possession of the company's properties in Jalandhar and Mohali was taken.

• Payment Demand: The notice demands payment of outstanding amounts within 30 days.

• Previous Notice: This follows an earlier notice received by QTL under Section 13(8) of the SARFAESI Act.

Disclosure to Stock Exchange

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Quadrant Televentures Limited has disclosed this information to the BSE Limited. The company's Company Secretary, Umesh P Srivastava, signed the disclosure document.

Implications

The issuance of notices under the SARFAESI Act typically indicates serious financial stress and potential default on debt obligations. The symbolic possession of properties and the demand for payment within a specified timeframe suggest that the Debenture Trustee is taking steps to recover the outstanding amounts.

Investors and stakeholders of Quadrant Televentures Limited should closely monitor the company's response to these notices and any subsequent actions taken by the Debenture Trustee or the company itself. The outcome of this situation could have significant implications for the company's financial health and operational capabilities.

As the situation develops, further updates from the company or regulatory bodies may provide more clarity on the extent of the financial challenges and the potential impact on Quadrant Televentures' business operations.