The National Company Law Tribunal (NCLT) has initiated the Corporate Insolvency Resolution Process (CIRP) against television broadcaster TV Vision Ltd over an alleged financial default of ₹294.65 crore. In a regulatory filing on July 31, 2026, the company confirmed that the Mumbai bench of the tribunal admitted an application filed by lead lender Punjab National Bank (PNB) under Section 7 of the Insolvency and Bankruptcy Code (IBC).
The NCLT has appointed Alok Kumar Murarka as the Interim Resolution Professional (IRP) to manage TV Vision’s operations as a going concern, effectively suspending the powers of the company’s board of directors. PNB had originally approached the tribunal in February after term loans…