TV Vision Limited has received a copy of a petition filed by Punjab National Bank (PNB), a Financial Creditor, before the National Company Law Tribunal (NCLT), Mumbai. The petition has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The alleged outstanding amount cited in the petition is ₹294,43,49,883.41 (Indian Rupees Two Hundred Ninety-Four Crore Forty-Three Lakhs Forty-Nine Thousand Eight Hundred Eighty-Three and Paise Forty-One only). This disclosure is being made as the receipt of the petition is considered material and may impact the operations and financial position of the Company. TV Vision Limited stated that it will keep stakeholders informed of any further material developments.
