📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-10-06 18:26
0 analysed today
FollowTelegram
0
Today
151,853
All-time analysed
43,533
Positive
6,742
Negative
92,741
Neutral
8,769
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
19 announcements match the current filters (relevance ≥ 5).
TV Vision RP Issues Form G Inviting Expressions of Interest Under CIRP
TV Vision Limited's Resolution Professional (RP), Alok Kumar Murarka, has published Form G dated September 28, 2026, inviting Expressions of Interest (EOI) under the Corporate Insolvency Resolution Process (CIRP). The company is severely distressed, reporting zero revenue in recent quarters (Q3 and Q4 FY26), a FY26 net loss of Rs 34 Cr, and a negative net worth of Rs -144 Cr. The issuance of Form G officially starts the search for resolution applicants to revive or liquidate the company. Given the insolvency proceedings, existing equity faces a high risk of complete write-off or dilution.
Confidence: HIGH
What changedThe company has officially moved to invite prospective bidders and resolution applicants by issuing Form G under CIRP.
Why it mattersTV Vision is under insolvency with deep negative equity (Rs -144 Cr); the success or failure of the resolution process determines whether the company survives or faces liquidation, typically impacting existing equity holders severely.
Form G Date: 28 September, 2026Disclosure Date: October 06, 2026TTM Net Loss: Rs -34 CrNet Worth: Rs -144 Cr
📅 Short termTrading is likely to remain highly speculative and volatile as the market gauges whether viable resolution applicants submit EOIs.
📈 Long termIn most IBC resolutions, existing equity is either heavily diluted or completely written down to zero if a resolution plan is approved, or the firm faces liquidation.
⚠ Risk flags
- High risk of total equity dilution or capital reduction under IBC
- Company is loss-making (TTM PAT Rs -34 Cr) with negative net worth (Rs -144 Cr)
- Operations have ceased or generated zero revenue in recent quarters
Key Highlights
Resolution Professional Alok Kumar Murarka issued Form G inviting Expressions of Interest for the company.
Form G was dated and published on September 28, 2026, and disclosed to exchanges on October 06, 2026.
The filing is pursuant to Regulation 30 read with Schedule III, Part A, Para A(16)(h) of SEBI LODR Regulations.
The company's net worth stands at Rs -144 Cr with a TTM net loss of Rs -34 Cr.
👀 What to Watch
Track the last date for EOI submission, publication of the provisional shortlist of prospective resolution applicants, and any submission of resolution plans to the Committee of Creditors.
TV Vision Discloses 2nd CoC Meeting Results; Creditors Reject RP Fee and Past CIRP Costs
TV Vision Limited reported voting results from the second Committee of Creditors (CoC) meeting held under its Corporate Insolvency Resolution Process (CIRP). The CoC decisively rejected (98.19% against) the ratification of actual CIRP costs of Rs 7,00,481, the appointment of routine legal counsel, and the Resolution Professional's monthly fee of Rs 2,00,000. Conversely, creditors approved employee dues of Rs 2,68,260 for August 2026, the appointment of two registered valuers to determine fair and liquidation values, and accounting/secretarial professionals. This friction between the CoC and the RP highlights operational gridlock amid the company's severe distress (TTM net loss of Rs 34 Cr and negative net worth of Rs -144 Cr).
Confidence: HIGH
What changedCreditors voted on key operational aspects of TV Vision's CIRP, approving valuation and statutory compliance appointments while rejecting the RP's fees and past CIRP expenses.
Why it mattersA rejection of the Resolution Professional's fee and incurred CIRP costs by 98.19% of creditors indicates high friction in the insolvency process, raising the likelihood of delays, litigation, or liquidation for a company already carrying a negative net worth of Rs -144 Cr.
Rejected CIRP Costs: Rs. 7,00,481/-Rejected RP Monthly Fee: Rs. 2,00,000/-Approved August 2026 Salaries: Rs. 2,68,260/-Combined Valuer Fees: Rs. 4,25,000/-Insolvency Commencement Date: 30.07.2026
📅 Short termExpect procedural friction and potential NCLT intervention as the Resolution Professional seeks directions on unpaid costs and fee determinations.
📈 Long termWith valuations underway and creditors rejecting ongoing CIRP expenses, the company is progressing towards either finding a resolution applicant or heading into liquidation, leaving high uncertainty for equity shareholders.
⚠ Risk flags
- Severe risk of liquidation given creditors' strict stance on CIRP expenses
- Deeply negative net worth of Rs -144 Cr leaves minimal to zero residual equity value
- Operational gridlock between CoC and Resolution Professional
Key Highlights
CoC rejected CIRP costs of Rs 7,00,481 incurred by the RP with 98.19% votes against
CoC rejected the proposed monthly fee of Rs 2,00,000 for Resolution Professional Alok Kumar Murarka (98.19% against)
Approved August 2026 employee dues totaling Rs 2,68,260 and resolved to discontinue two personnel effective October 2026
Appointed two registered valuers (Bhavin R. Patel at Rs 2,00,000 and M/s V Rudra Asset Reckoners at Rs 2,25,000) to determine Fair and Liquidation Value
Appointed accounting support at Rs 60,000/month and secretarial compliance support at Rs 45,000/month
👀 What to Watch
Track subsequent CoC filings regarding resolution plan submissions or liquidation proceedings, and monitor whether the RP files an application before the NCLT regarding the rejection of fees and operational costs.
TV Vision Concludes E-Voting on Resolutions from 1st Committee of Creditors Meeting Under CIRP
TV Vision Limited has announced the completion of e-voting for resolutions considered at the 1st meeting of its Committee of Creditors (CoC) under ongoing Corporate Insolvency Resolution Process (CIRP). The first CoC meeting was held on August 31, 2026, and subsequent e-voting concluded on September 17, 2026. The company is under financial distress with a negative net worth of Rs -144 Cr and reported an annual loss of Rs -34 Cr on Rs 14 Cr revenue for FY26. The operations are currently managed by Interim Resolution Professional Alok Kumar Murarka.
Confidence: HIGH
What changedTV Vision completed the voting phase of its inaugural Committee of Creditors meeting as part of its ongoing insolvency proceedings.
Why it mattersThe company faces severe insolvency risk with zero revenue in recent quarters (Dec 2025 and Mar 2026) and eroded net worth; CoC decisions determine whether the firm can be revived or will face liquidation.
1st CoC Meeting Date: 31st August 2026E-Voting Conclusion Date: 17th September 2026TTM Revenue: Rs 14 CrNet Worth: Rs -144 Cr
📅 Short termMarket sentiment remains under pressure as the firm navigates formal insolvency, with equity value at severe risk during CIRP resolution.
📈 Long termLong-term survival hinges entirely on the approval of a viable resolution plan by the CoC and NCLT, which typically entails heavy equity dilution or delisting.
⚠ Risk flags
- Ongoing Corporate Insolvency Resolution Process (CIRP)
- Significant capital erosion with Net Worth at Rs -144 Cr
- Zero revenue generated in Q3 and Q4 FY26
Key Highlights
First CoC meeting was convened and conducted on August 31, 2026 at 12:30 p.m.
E-voting on meeting resolutions commenced on September 3, 2026 at 10:00 A.M.
E-voting concluded on September 17, 2026 at 07:00 P.M.
Filing registered under insolvency case number C.P.(IB)/143/MB/2026
👀 What to Watch
Track subsequent disclosures regarding the outcome of the voted resolutions, appointment of a Resolution Professional (RP), and issuance of an Expression of Interest (EOI) for potential resolution applicants.
TV Vision Concludes First CoC Meeting and E-Voting Under Ongoing CIRP
TV Vision Limited announced the completion of its 1st Committee of Creditors (CoC) meeting held on August 31, 2026, under the Corporate Insolvency Resolution Process (CIRP). The e-voting window for the resolutions considered during the meeting began on September 3, 2026, and concluded on September 17, 2026. The company remains deeply distressed, with FY26 revenue dropping to Rs 14 Cr, a net loss of Rs 34 Cr, and a negative net worth of Rs -144 Cr. Specific voting percentages and resolution outcomes were referenced via platform screenshots but omitted in text form.
Confidence: HIGH
What changedTV Vision formally intimated the conclusion of its 1st CoC meeting and completed creditor e-voting under the ongoing insolvency process.
Why it mattersUnder CIRP, existing equity shareholders face severe dilution or total write-offs depending on whether a resolution applicant takes over or the company proceeds to liquidation.
CoC Meeting Date: 31st August 2026E-Voting Window: 3rd September 2026 to 17th September 2026Case Reference: C.P.(IB)/143/MB/2026Net Worth (FY26): Rs -144 Cr
📅 Short termTrading sentiment will remain heavily constrained and volatile as the Resolution Professional drives the CIRP timeline.
📈 Long termHigh structural risk of total equity wipeout, common in CIRP processes given the company's negative net worth and operational losses.
⚠ Risk flags
- Insolvency risk under IBC (CIRP)
- Significant capital erosion with negative net worth of Rs -144 Cr
- Risk of delisting or complete equity cancellation
Key Highlights
First CoC meeting conducted on August 31, 2026, at 12:30 p.m. under Section 24 of IBC 2016
Electronic voting period opened on September 3, 2026 (10:00 A.M.) and closed on September 17, 2026 (07:00 P.M.)
Insolvency proceeding referenced under case number C.P.(IB)/143/MB/2026
Company is heavily distressed with FY26 net worth of Rs -144 Cr against Rs 9 Cr market cap
👀 What to Watch
Track subsequent disclosures from the Resolution Professional regarding the approval of resolution plans, liquidation orders, or changes in board control under IBC.
TV Vision: Committee of Creditors Formed; 1st CoC Meeting Scheduled for August 31, 2026
TV Vision Limited announced that its Committee of Creditors (CoC) was constituted on August 22, 2026, pursuant to Section 21 of the Insolvency and Bankruptcy Code (IBC). The first meeting of the CoC is scheduled to take place on Monday, August 31, 2026, at 12:30 PM. The company was admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Mumbai Bench-I as intimated on July 31, 2026. The company remains in severe financial distress, posting FY26 net losses of Rs 34 Cr and carrying a negative net worth of Rs -144 Cr.
Confidence: HIGH
What changedThe CoC has been officially constituted following CIRP initiation, and its first formal meeting is scheduled for August 31, 2026.
Why it mattersManagement powers remain suspended under the IRP/CoC, and equity holders face substantial risk of capital write-down or liquidation given deeply negative net worth of Rs -144 Cr.
CoC formation date: August 22, 20261st CoC meeting date: August 31, 2026Net worth: Rs -144 CrTTM Net Loss: Rs -34 Cr
📅 Short termThe CoC will review initial claims, approve operational expenses/interim finance if required, and decide on voting matters concerning the appointment of the Resolution Professional.
📈 Long termThe company faces high structural risks of restructuring, severe equity dilution, or liquidation under the IBC framework.
⚠ Risk flags
- Ongoing Corporate Insolvency Resolution Process (CIRP)
- Severe negative net worth of Rs -144 Cr
- High risk of total equity dilution or liquidation
Key Highlights
Committee of Creditors (CoC) constituted on August 22, 2026, under Section 21 of the IBC.
01st meeting of the CoC convened for Monday, August 31, 2026, at 12:30 PM.
Follows initial CIRP admission by NCLT Mumbai Bench-I intimated on July 31, 2026.
Company operations are managed under Interim Resolution Professional (IRP) Alok Kumar Murarka.
👀 What to Watch
Track the outcome of the initial CoC meetings regarding the appointment/confirmation of the Resolution Professional and the issuance of expression of interest (EoI) for resolution applicants.
CIRP Update: ₹383.71 Cr Creditor Claims Admitted; PNB Holds 98.19% CoC Share
TV Vision Limited's Interim Resolution Professional (IRP) has disclosed the certified list of creditors under the ongoing Corporate Insolvency Resolution Process (CIRP), which commenced on July 30, 2026. A total of 17 claims amounting to ₹403.84 Cr were received, of which ₹383.71 Cr have been admitted. Punjab National Bank is the sole secured financial creditor with admitted claims of ₹320.64 Cr, holding a 98.19% voting share in the Committee of Creditors (CoC). Operational creditor claims admitted stand at ₹57.17 Cr, with ₹19.63 Cr remaining under verification.
Confidence: HIGH
What changedThe IRP submitted the verified list of creditors as of August 13, 2026, confirming total admitted debt obligations of ₹383.71 Cr.
Why it mattersAdmitted debt of ₹383.71 Cr vastly overshadows the company's ₹13 Cr market cap and -₹144 Cr net worth, signaling extreme risk of equity dilution or complete write-off in insolvency resolution.
Total Claims Admitted: ₹ 3,83,71,04,181.04PNB Secured Claim Admitted: ₹ 3,20,63,54,303.70PNB CoC Voting Share: 98.19%Operational Claims Under Verification: ₹ 19,62,62,727.00Admitted Debt vs Market Cap: ~29.5x
📅 Short termCompany affairs remain suspended and overseen by the IRP while the CoC conducts initial procedural meetings and seeks resolution applicants.
📈 Long termSevere structural distress under the IBC process; equity shareholders face high risk of total value erosion or restructuring depending on the resolution outcome.
⚠ Risk flags
- Active Corporate Insolvency Resolution Process (CIRP)
- Severe negative net worth (₹ -144 Cr) and heavy debt overhang
- Substantial equity dilution or capital reduction risk in any resolution plan
Key Highlights
Total claims received amounted to ₹4,03,83,66,908.04, with ₹3,83,71,04,181.04 admitted by the IRP.
Punjab National Bank holds ₹3,20,63,54,303.70 in admitted secured debt, giving it a 98.19% voting share in the CoC.
Operational creditors submitted ₹76.80 Cr in claims, with ₹57.17 Cr admitted and ₹19.63 Cr under verification.
Unsecured financial creditors have admitted claims of ₹5,90,50,725.34.
👀 What to Watch
Monitor further CoC meetings, the issuance of Expression of Interest (Form G) for prospective resolution applicants, and potential resolution plans submitted to the NCLT.
TV Vision Q1 Operations Plunge 97% to ₹0.24 Cr; Net Loss at ₹3.64 Cr Amid CIRP Admission
TV Vision reported consolidated revenue of ₹24.45 Lakhs (₹0.24 Cr) for Q1 ended June 30, 2026, down 96.8% YoY from ₹758.46 Lakhs. Consolidated net loss stood at ₹364.13 Lakhs compared to a net loss of ₹519.48 Lakhs in Q1 FY25. The company has entered Corporate Insolvency Resolution Process (CIRP) following an NCLT admission on July 30, 2026, initiated by Punjab National Bank (PNB). Statutory auditors issued a qualified conclusion, citing unrecorded lender claims of ₹195.50 Cr and unprovided asset and investment impairments totaling over ₹41.96 Cr.
Confidence: HIGH
What changedTV Vision reported Q1 FY27 results under the supervision of the Interim Resolution Professional following its admission to CIRP under the Insolvency and Bankruptcy Code.
Why it mattersCore operational revenue has virtually collapsed, and unrecorded debt claims of ₹195.50 Cr alongside negative net worth present severe equity dilution and insolvency risks.
Consolidated Revenue (Q1): ₹24.45 LakhsConsolidated Net Loss (Q1): ₹364.13 LakhsUnrecorded PNB Claim/Interest: ₹195.50 CrUnprovided Investment Diminution: ₹3,312 LakhsUnprovided Rights Impairment: ₹884.10 Lakhs
📅 Short termHeightened distress and stock volatility as operations dwindle and the IRP manages ongoing claims.
📈 Long termStructural viability depends entirely on finding a resolution applicant under the IBC process; existing equity carries high write-down risk.
⚠ Risk flags
- Ongoing CIRP / Insolvency proceedings under IBC
- Auditor qualified conclusion with material uncertainty on going concern
- Understated liabilities and interest of at least ₹195.50 Cr
- Severe operational collapse and deeply negative net worth
Key Highlights
Consolidated revenue from operations dropped 96.8% YoY to ₹24.45 Lakhs in Q1.
Consolidated net loss recorded at ₹364.13 Lakhs with Basic EPS of ₹(0.94).
NCLT Mumbai admitted the company to CIRP on July 30, 2026, following a petition by PNB.
Auditors flagged a ₹195.50 Cr understatement in liabilities/losses against PNB's total claim of ₹294.43 Cr.
Unprovided investment diminution of ₹3,312 Lakhs and commercial rights impairment of ₹884.10 Lakhs noted by auditors.
👀 What to Watch
Track the progress of the Corporate Insolvency Resolution Process (CIRP), resolution plan submissions, and NCLT hearings managed by the Interim Resolution Professional.
TV Vision Delays Q1 Results Due to CIRP Initiation Under Insolvency and Bankruptcy Code
TV Vision Limited was unable to submit its un-audited financial results for the quarter ended June 30, 2026 by the August 14, 2026 deadline due to the commencement of Corporate Insolvency Resolution Process (CIRP). Following an NCLT Mumbai Bench order on July 30, 2026 admitting a Section 7 application, the powers of the board have been suspended and transferred to the Interim Resolution Professional (IRP). The IRP requires additional time to take over records, reconcile accounts, and verify claims. The company continues to struggle with severe financial distress, having recorded a net worth of Rs -144 Cr and TTM revenue of Rs 14 Cr.
Confidence: HIGH
What changedTV Vision has entered the Corporate Insolvency Resolution Process (CIRP), suspending the board and delaying Q1 financial reporting beyond the regulatory deadline.
Why it mattersInsolvency admission severely threatens shareholder equity, halts normal corporate governance, and reflects ongoing insolvency stress on a business with negative net worth (-Rs 144 Cr).
Original submission deadline: August 14, 2026NCLT CIRP admission date: July 30, 2026Quarter period ended: June 30, 2026Company Net Worth: Rs -144 Cr
📅 Short termHeightened regulatory scrutiny, potential exchange penalties or trading suspensions for delayed reporting, and continued management transition under the IRP.
📈 Long termOutcome heavily depends on CIRP resolution proceedings; if a viable resolution plan is not approved, the company faces liquidation risk.
⚠ Risk flags
- Corporate Insolvency Resolution Process (CIRP) initiated under IBC
- Board of directors suspended
- Negative net worth of Rs -144 Cr
- Regulatory non-compliance due to delayed quarterly results
Key Highlights
Missed the statutory deadline of August 14, 2026 for submitting Q1 results (quarter ended June 30, 2026)
NCLT Mumbai Bench admitted financial creditor application under Section 7 of IBC on July 30, 2026
Board powers suspended under Section 17 of IBC and handed over to IRP Alok Kumar Murarka
Trading window remains closed until 48 hours post declaration of Q1 results
👀 What to Watch
Track the progress of CIRP proceedings under the IRP, filing of claims by creditors, and the eventual publication date for the delayed Q1 financial results.
₹5.39 Cr GST Demand Issued to TV Vision Limited for FY 2022-23
TV Vision Limited has received a Show Cause Notice (SCN) from the Maharashtra GST Department for FY 2022-23. The notice alleges excess Input Tax Credit (ITC) claims not reflected in GSTR-2A/2B, totaling ₹5.39 Cr including interest. This demand is highly material, representing approximately 38.5% of the company's TTM revenue of ₹14 Cr. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP), and the Interim Resolution Professional (IRP) is managing the response.
Confidence: HIGH
What changedThe GST department has formally proposed a tax demand of ₹5.39 Cr against the company for historical tax discrepancies.
Why it mattersThe demand is extremely large relative to the company's current scale (38% of revenue) and adds to the existing financial distress of a company already in insolvency with a negative net worth of ₹144 Cr.
Total Tax Demand: ₹5,39,28,952Demand vs TTM Revenue: ~38.5%Demand vs Market Cap: ~33.7%Interest Component: ₹1,55,41,988Hearing Date: August 25, 2026
📅 Short termThe stock may face further pressure as this demand highlights significant historical compliance issues and adds to the company's liabilities during insolvency.
📈 Long termLimited; the company's long-term survival depends entirely on the CIRP outcome and the potential for a successful resolution plan rather than this specific tax dispute.
⚠ Risk flags
- Corporate Insolvency Resolution Process (CIRP) ongoing
- Negative Net Worth of ₹144 Cr
- Significant tax liability relative to revenue
- History of operational losses
Key Highlights
Total aggregate tax demand proposed is ₹5,39,28,952 (₹5.39 Cr).
Principal tax amount stands at ₹3,83,86,964 with an interest component of ₹1,55,41,988.
The demand pertains specifically to the Financial Year 2022-23 regarding ITC discrepancies.
A personal hearing is scheduled for August 25, 2026, with a final reply deadline of September 4, 2026.
The company is currently under CIRP, which complicates the settlement of new liabilities.
👀 What to Watch
Investors should monitor the outcome of the personal hearing on August 25, 2026, and track the overall progress of the Corporate Insolvency Resolution Process (CIRP) which takes precedence over such claims.
TV Vision enters Insolvency (CIRP); Creditor claims invited by August 13, 2026
TV Vision Limited has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Mumbai Bench effective July 30, 2026. This follows an application under Section 7 of the IBC, indicating a default on debt obligations to financial creditors. An Interim Resolution Professional (IRP), Mr. Alok Kumar Murarka, has been appointed to manage the company and invite claims from creditors. The company is in severe financial distress with a negative net worth of ‹144 Cr and TTM losses of ‹34 Cr, significantly exceeding its ‹17 Cr market capitalization.
Confidence: HIGH
What changedControl of the company has shifted from the promoters/board to an Interim Resolution Professional (IRP) under the Insolvency and Bankruptcy Code.
Why it mattersThis is a terminal legal process for the current corporate structure; the company will either be sold to a new bidder (likely wiping out existing equity) or liquidated if no viable resolution plan is found.
Insolvency Commencement Date: 30.07.2026Claim Submission Deadline: 13.08.2026Net Worth: ‹-144 CrTTM PAT: ‹-34 CrEstimated Process Duration: 180 days
📅 Short termThe stock is likely to face extreme downward pressure and potential trading restrictions as the insolvency process is publicized.
📈 Long termHighly negative; most companies undergoing CIRP result in the delisting of existing shares or a near-total wipeout of retail shareholder value.
⚠ Risk flags
- Total loss of equity value
- Delisting risk
- Negative net worth
- Severe operational decline
Key Highlights
Insolvency commencement date officially set as July 30, 2026
Last date for creditors to submit claims with proof is August 13, 2026
Estimated date of closure for the resolution process is January 26, 2027
Company reported a negative net worth of ‹144 Cr against a market cap of only ‹17 Cr
TTM revenue has plummeted to ‹14 Cr from ‹58 Cr in FY24
👀 What to Watch
Monitor the NCLT proceedings and the IRP's updates regarding the Committee of Creditors (CoC) formation; equity shareholders typically face significant dilution or total loss of value in IBC resolutions.
Rs 294.66 Cr Default: NCLT Initiates Insolvency Process Against TV Vision Limited
The NCLT Mumbai Bench has admitted TV Vision Limited into the Corporate Insolvency Resolution Process (CIRP) following a petition by Punjab National Bank (PNB). The insolvency is triggered by a default of Rs 294.66 crore, which dates back to March 2018. As a result, the company's Board of Directors has been suspended, and an Interim Resolution Professional (IRP), Mr. Alok Kumar Murarka, has been appointed to manage the company as a going concern. A moratorium has been declared, prohibiting any legal proceedings or asset disposals during the process.
Confidence: HIGH
What changedThe company has officially entered bankruptcy proceedings; the Board of Directors is suspended, and an external professional (IRP) now controls all operations and assets.
Why it mattersThis is a terminal-stage event for the current equity structure. Given the company's negative net worth of Rs 144 crore and a debt claim that is 21x its annual revenue, the likelihood of a recovery for retail shareholders is extremely low.
Default Amount: Rs 294.66 crDefault vs Market Cap: 1733%Default vs TTM Revenue: 2105%Date of Default: 31.03.2018NCLT Order Date: 30.07.2026
📅 Short termThe stock is likely to experience high volatility and potential trading suspension or movement to the 'Trade for Trade' segment as per exchange insolvency protocols.
📈 Long termThe company's survival depends on the approval of a resolution plan by the CoC and NCLT; if no viable plan is found, the company will proceed to liquidation.
⚠ Risk flags
- Total loss of management control
- Extreme equity dilution risk
- Potential delisting
- Negative net worth of Rs 144 cr
Key Highlights
NCLT admitted a financial debt claim of Rs 294.65 crore filed by Punjab National Bank under Section 7 of the IBC.
The default amount of Rs 294.66 crore is approximately 17 times the company's current market capitalization of Rs 17 crore.
The account was originally classified as a Non-Performing Asset (NPA) on March 31, 2018.
Management control has shifted from the Board to the IRP effective July 30, 2026.
A moratorium under Section 14 of the IBC is now in effect, freezing all existing legal suits and asset transfers.
👀 What to Watch
Investors should monitor the IRP's public announcement and the timeline for the Committee of Creditors (CoC) formation. Be aware that in IBC proceedings, equity shareholders typically face significant dilution or total loss of value as they are last in the priority of claims.
TV Vision Admitted to Insolvency Process (CIRP) by NCLT on PNB Application
The NCLT Mumbai Bench has orally admitted TV Vision Limited into the Corporate Insolvency Resolution Process (CIRP) on July 30, 2026. The application was filed by Punjab National Bank (PNB) under Section 7 of the IBC. This follows a period of severe financial distress where the company reported a net loss of ₹34 Cr in FY26 and a deeply negative net worth of ₹-144 Cr. Management control is expected to shift to an Interim Resolution Professional (IRP) upon the issuance of the formal written order.
Confidence: HIGH
What changedThe company has transitioned from promoter-led management to a court-mandated insolvency process under the Insolvency and Bankruptcy Code (IBC).
Why it mattersThis is a terminal event for the current equity structure; the company's assets will now be auctioned or restructured to pay off creditors, primarily Punjab National Bank, likely resulting in a total loss for retail shareholders.
Net Worth: ₹-144 CrTTM PAT: ₹-34 CrMarket Cap: ₹17 CrTTM Revenue: ₹14 CrDebt (Reported): ₹3 Cr
📅 Short termThe stock is likely to experience extreme volatility or be suspended from trading as the CIRP process begins.
📈 Long termThe company will either be acquired by a new resolution applicant, which usually involves delisting or massive equity dilution, or face liquidation.
⚠ Risk flags
- Total loss of equity value
- Suspension of trading
- Negative net worth of ₹-144 Cr
- Default on financial creditor (PNB) obligations
Key Highlights
NCLT Mumbai Bench orally pronounced the admission of the company into CIRP on July 30, 2026.
The insolvency application was initiated by Punjab National Bank, a financial creditor.
Company's net worth is currently ₹-144 Cr, indicating severe insolvency.
TTM revenue has dropped significantly to ₹14 Cr from ₹54 Cr in FY25.
Promoter holding stands at 32.2%, which faces potential total wipeout in the resolution process.
👀 What to Watch
Monitor the exchange for the appointment of the Interim Resolution Professional (IRP) and the detailed written order. Investors should be aware that equity holders typically receive zero recovery in IBC proceedings if creditor dues exceed asset value.
TV Vision Receives IBC Section 9 Petition for INR 5.17 Crore Debt
TV Vision Limited has received a copy of a petition filed by UCN Cable Network Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor is claiming an outstanding amount of approximately INR 5.17 crore. This development is considered material as it could significantly impact the company's financial position and ongoing operations. The company is currently reviewing the petition and will provide updates on further legal developments.
Key Highlights
Petition filed by Operational Creditor UCN Cable Network Private Limited under Section 9 of IBC.
The alleged outstanding debt amount is INR 5,16,69,147.65.
The filing poses a risk of insolvency proceedings if the petition is admitted by the NCLT.
The company has acknowledged the potential material impact on its operations and financial stability.
👀 What to Watch
Investors should exercise extreme caution as insolvency petitions can lead to significant stock volatility and potential loss of control for existing management. Monitor for updates regarding whether the NCLT admits the petition or if the company reaches a settlement.
TV Vision FY26 Consolidated Net Loss Widens to ₹38.5 Cr; Revenue Plummets 74% YoY
TV Vision Limited reported a severe decline in financial performance for the fiscal year ended March 31, 2026, with consolidated total income dropping 74% to ₹14.21 crore. The consolidated net loss widened significantly to ₹38.50 crore from ₹26.74 crore in the previous year. The company's financial position is critical, with a negative net worth of ₹178.26 crore and bank accounts classified as Non-Performing Assets (NPA). Furthermore, the company is facing a legal petition from a creditor at the NCLT, creating substantial uncertainty regarding its going concern status.
Key Highlights
Consolidated Total Income fell sharply to ₹1,420.90 Lakhs in FY26 from ₹5,503.87 Lakhs in FY25.
Consolidated Net Loss widened to ₹3,849.57 Lakhs compared to ₹2,673.81 Lakhs in the previous year.
Total Equity (Net Worth) remains deeply negative at -₹17,825.54 Lakhs as of March 31, 2026.
Company accounts are classified as NPAs by banks, and no provision has been made for interest on term loans.
A creditor has filed a petition before the NCLT Mumbai Bench, the impact of which is currently unascertainable.
👀 What to Watch
Investors should exercise extreme caution as the company exhibits severe financial distress, including negative equity and potential insolvency proceedings. The combination of NPA status and NCLT litigation makes this a high-risk situation with significant capital at stake.
TV Vision Faces Insolvency Petition from PNB for ₹294.43 Crore Debt
TV Vision Limited has been served an insolvency petition by Punjab National Bank (PNB) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition, filed before the NCLT Mumbai, claims a significant outstanding default of approximately ₹294.43 crore. This development poses a critical risk to the company's operational continuity and financial stability. If the petition is admitted by the tribunal, the company will enter the Corporate Insolvency Resolution Process (CIRP).
Key Highlights
Punjab National Bank (PNB) filed a petition under Section 7 of the IBC 2016 against the company.
The alleged outstanding debt amount is ₹294,43,49,883.41 (approx. ₹294.43 crore).
The petition has been filed before the National Company Law Tribunal (NCLT), Mumbai Bench.
The company has acknowledged that this legal action may materially impact its operations and financial position.
👀 What to Watch
Investors should exercise extreme caution as insolvency proceedings typically lead to significant equity dilution or total loss for shareholders. It is advisable to monitor the NCLT's decision regarding the admission of this petition.
TV Vision Reports Q3 Net Loss of ₹601 Lakhs; Appoints New CFO Amidst Going Concern Warnings
TV Vision Limited reported a severe decline in standalone income to ₹48.00 Lakhs for Q3 FY26, compared to ₹972.23 Lakhs in the same quarter last year. The company posted a net loss of ₹601.36 Lakhs and continues to face significant financial distress with its bank accounts classified as Non-Performing Assets (NPAs). Auditors have raised a 'Material Uncertainty' regarding the company's ability to continue as a going concern due to negative equity and recalled loans. Amidst these challenges, the board has appointed Mr. Hemant Patil as the Chief Financial Officer effective February 4, 2026.
Key Highlights
Standalone total income plummeted to ₹48.00 Lakhs in Q3 FY26 from ₹1,101.96 Lakhs in Q3 FY25.
Net loss for the quarter stood at ₹601.36 Lakhs, contributing to a nine-month loss of ₹2,112.26 Lakhs.
Auditors flagged a material uncertainty on 'Going Concern' status due to recalled loans and current liabilities exceeding assets.
The company failed to provide for interest expenses estimated at ₹346.70 Lakhs for the quarter due to its NPA status.
A creditor has filed a petition against the company before the NCLT Mumbai Bench, adding to legal risks.
👀 What to Watch
Investors should exercise extreme caution as the company is in severe financial distress with significant auditor qualifications and potential insolvency proceedings. The lack of revenue growth and mounting legal/debt issues make this a high-risk stock with low recovery visibility.
TV Vision Q3 Revenue Crashes 95% to ₹48 Lakhs; Auditor Flags Going Concern Uncertainty
TV Vision Limited reported a disastrous third quarter with operational revenue plummeting 95% YoY to just ₹48 Lakhs. The company recorded a consolidated net loss of ₹6.01 Crore, while auditors issued a 'Going Concern' warning due to recalled loans and negative equity. Furthermore, the company has not provided for interest expenses of approximately ₹3.47 Crore for the quarter due to its NPA status. A creditor has also filed an NCLT petition against the company, adding to the legal and financial distress.
Key Highlights
Consolidated revenue from operations fell to ₹48 Lakhs from ₹9.72 Crore in the same quarter last year.
Net loss for the quarter stood at ₹6.01 Crore, with the company's accounts classified as NPAs by lenders.
Auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern due to negative equity.
Interest expenses of approximately ₹346.70 Lakhs were not provided for in the books, leading to understated losses.
Mr. Hemant Patil was appointed as the Chief Financial Officer effective February 4, 2026.
👀 What to Watch
The stock carries extremely high risk due to potential insolvency proceedings, massive revenue erosion, and severe auditor qualifications. Investors should exercise extreme caution as the 'Going Concern' warning suggests a high risk of capital loss.
TV Vision Faces Insolvency Petition from Swami Films for ₹4.90 Crore Claim
TV Vision Limited has received a copy of an insolvency petition filed by Swami Films Entertainment Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition, filed before the National Company Law Tribunal (NCLT), alleges an outstanding debt of INR 4,90,18,219. This legal action follows a prior demand notice issued on December 23, 2025. The company has stated that this development is material and could significantly impact its financial position and ongoing operations.
Key Highlights
Insolvency petition filed by Operational Creditor Swami Films Entertainment Private Limited
Total alleged outstanding amount claimed is INR 4,90,18,219
Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016
Matter is currently pending before the Hon’ble National Company Law Tribunal (NCLT)
Follows a previous demand notice received by the company on December 23, 2025
👀 What to Watch
Investors should exercise extreme caution as insolvency proceedings pose a high risk to equity value. Monitor the company's response to the NCLT and its ability to settle the claim to avoid the initiation of a Corporate Insolvency Resolution Process (CIRP).
TV Vision Receives ₹4.90 Crore Insolvency Demand Notice from Swami Films Entertainment
TV Vision Limited has been served a demand notice under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Swami Films Entertainment Pvt. Ltd. The operational creditor is alleging an outstanding debt of INR 4,90,18,219. The company is currently reviewing the notice and has stated it will take appropriate legal steps, including potentially disputing the claim. This development is critical as it represents a formal step toward potential insolvency proceedings if the dispute is not resolved.
Key Highlights
Received demand notice under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Total claim amount by the operational creditor is INR 4,90,18,219.
Notice issued by Swami Films Entertainment Pvt. Ltd. dated December 22, 2025.
Company is examining the notice and reserves the right to dispute the claims legally.
👀 What to Watch
Investors should exercise extreme caution as insolvency notices can lead to significant financial distress and impact stock liquidity. Monitor the company's subsequent filings to see if they settle the debt or if the case is admitted to the NCLT.
