Overview
SITI Networks Limited has formally disclosed a significant default on interest and principal payments for loans totalling ₹1,206.03 crore. This disclosure comes as the company continues its Corporate Insolvency Resolution Process (CIRP), initiated in February 2023. The ongoing legal proceedings and financial distress highlight a critical situation for the media distribution company.
SITI Networks Limited has formally disclosed defaults on its loan obligations, with interest and principal payments totaling ₹1,206.03 crore now overdue.
This critical disclosure emerges as the company remains firmly entrenched in its Corporate Insolvency Resolution Process (CIRP),…