NCLT admits insolvency plea against TV Vision over ₹294.65 crore dues; board suspended, IRP appointed
The National Company Law Tribunal (NCLT) has admitted Punjab National Bank’s insolvency petition against television broadcaster TV Vision Ltd over an alleged default of ₹294.65 crore, initiating the corporate insolvency resolution process (CIRP) against the company. In a regulatory filing on July 31, TV Vision said the Mumbai bench of the NCLT had admitted the…

