Quadrant Televentures Limited, a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the postponement of its first Committee of Creditors meeting. The meeting, originally scheduled for October 1, has been deferred at the request of members holding majority voting rights.

Background of Insolvency Proceedings

The National Company Law Tribunal (NCLT), Mumbai Bench, admitted Quadrant Televentures to the Corporate Insolvency Resolution Process on September 2. This decision came in response to a petition filed by IDBI Trusteeship Services Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Appointment of Interim Resolution Professional

As part of the insolvency proceedings, the NCLT appointed Mr. Atul Kumar Kansal (IP Registration No. IBBI/IPA-001/IP-P00035/2016-2017/10088) as the Interim Resolution Professional for Quadrant Televentures. Following this appointment, the powers of the company's board of directors have been suspended, with the Interim Resolution Professional now exercising these powers in accordance with Section 25 of the Insolvency and Bankruptcy Code.

Postponement Details

The company issued a formal intimation to the BSE Limited regarding the postponement of the Committee of Creditors meeting. The notification, dated October 1, stated that the new meeting date would be communicated in due course.

Implications and Next Steps

The postponement of the first Committee of Creditors meeting is a significant development in Quadrant Televentures' insolvency process. This committee plays a crucial role in the CIRP, making important decisions regarding the company's future, including the consideration of potential resolution plans.

Stakeholders and investors will be keenly awaiting the announcement of the rescheduled meeting date, as it will be a critical step in determining the path forward for Quadrant Televentures Limited under the insolvency resolution process.

The company has assured that it will provide timely updates on the new meeting date, maintaining transparency with its stakeholders during this crucial period of corporate restructuring.

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.