Digivision Infotainment Pvt. Ltd. granted an inter-corporate loan to HFCL Satellite Communication Limited in 2011. Digivision Infotainment was later amalgamated with MN Ventures Pvt. Ltd. via a scheme sanctioned on 2017-04-21 by the Allahabad Bench of the NCLT. MN Ventures Pvt. Ltd., as the successor, recalled the loan on 2019-04-01. HFCL Satellite Communication Limited failed to liquidate the liability, leading MN Ventures Pvt. Ltd. to file a petition seeking CIRP. The outstanding claim is Rs. 8,18,00,000/- plus interest. The corporate debtor acknowledged the debt in its balance sheet and sought time to repay. The loan disbursement was evidenced through banking transactions.

Digivision Infotainment Pvt. Ltd. granted an inter-corporate loan to HFCL Satellite Communication Limited in 2011. Digivision Infotainment was later amalgamated with MN Ventures Pvt. Ltd. via a scheme sanctioned on 2017-04-21 by the Allahabad Bench of the NCLT. MN Ventures Pvt. Ltd., as the successor, recalled the loan on 2019-04-01. HFCL Satellite Communication Limited failed to liquidate the liability, leading MN Ventures Pvt. Ltd. to file a petition seeking CIRP. The outstanding claim is Rs. 8,18,00,000/- plus interest. The corporate debtor acknowledged the debt in its balance sheet and sought time to repay. The loan disbursement was evidenced through banking transactions.