Quadrant Televentures Limited has appointed Rajesh Jhunjhunwala as its new Resolution Professional following the resignation of Atul Kumar Kansal during its ongoing Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) approved the appointment with 81.44% voting support during its fourth meeting held on December 29, 2025.

Fourth CoC Meeting and Leadership Change

The fourth Committee of Creditors meeting was convened on December 29, 2025, with e-voting extended for 24 hours at the request of CoC members. The voting concluded in accordance with Regulation 26 of the Insolvency and Bankruptcy Board of India (CIRP) Regulations, 2016.

Updated Form-G Publication and Timeline

Prior to the leadership change, the company had published an updated Form-G invitation for Expression of Interest (EOI) on December 31, 2025, with extended deadlines for prospective resolution applicants. The publication appeared across multiple newspapers including Financial Express, Jansatta, Navshakti, and Loksatta.

Previous CoC Approvals

The third CoC meeting held on December 23, 2025, had approved key resolutions with 76.70% voting support, including discussions on EOIs received, extension requests, CIRP cost ratification, and going concern expenses approval.

Company Profile Under CIRP

Quadrant Televentures Limited operates telecommunication and broadband services primarily in Punjab and adjoining areas. The company entered CIRP following an NCLT order dated September 2, 2025, and reported revenue of ₹273.97 crores with 1,197 employees (965 on roll plus 232 outsourced). Its equity shares remain listed on BSE with scrip code 511116, maintaining its registered office in Aurangabad, Maharashtra, and corporate office in Mohali, Punjab.

Quadrant Televentures Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has seen significant developments in its restructuring efforts. The Committee of Creditors (CoC) has approved several crucial resolutions through e-voting, marking important steps in the company's insolvency proceedings.

Key Approvals

The e-voting, which concluded on October 31, 2025, saw the CoC approving multiple resolutions with varying levels of support:

Notable Outcomes

• The appointment of a Resolution Professional, which required a 66% approval, was not approved, receiving only 4.74% of the votes.
• The CoC approved reducing the notice period for calling Committee of Creditors meetings, potentially expediting future decision-making processes.
• Decisions on reviewing security arrangements for the company's assets and appointing a CFO were deferred after detailed discussions.

Ongoing Process

The insolvency process for Quadrant Televentures Limited began following an NCLT order dated September 2, 2025. The company has been holding regular CoC meetings, with the second meeting convened on November 12, 2025.

These developments indicate that the insolvency resolution process for Quadrant Televentures is progressing, with creditors actively participating in key decisions. The approvals granted, particularly those related to operational continuity and financial management, suggest a focus on maintaining the company as a going concern while the resolution process unfolds.

Stakeholders and market observers will likely keep a close watch on further developments in this insolvency case, as it may have implications for the telecom sector and creditors involved.