The application sought the initiation of liquidation for Bhoomika Media Initiative Private Limited (Corporate Debtor) under Section 33(2) of the IBC, 2016. The Corporate Debtor, engaged in media and broadcasting, defaulted on an operational debt of Rs. 2,90,56,000/- to Radiant Digitek Network Limited (Operational Creditor). The Corporate Insolvency Resolution Process (CIRP) commenced on 28.05.2025, with Ms. Divya Somani appointed as Interim Resolution Professional (IRP) and continuing as Deemed Resolution Professional. Despite efforts, including inviting Expressions of Interest and extending the CIRP period, no viable resolution plan was received due to persistent non-cooperation from the suspended directors, incomplete records, and intermingled assets. The Committee
…Bhoomika Media Initiative Private Limited ('Corporate Debtor') was incorporated under the provisions of the Companies Act, 1956 on 01.05.2012, bearing Corporate Identification Number (CIN) U22130RJ2012PTC038755.
The Corporate Debtor was engaged in the business of media and broadcasting and availed services from Radiant Digitek Network Limited ('Operational Creditor'/ 'OC') for making its television channel, namely "AITV", available to viewers.
The outstanding operational debt accumulated to Rs. 2,90,56,000/- (Rupees Two Crores Ninety Lakhs Fifty-Six Thousand Only) as on 31.03.2023 due to persistent non-payment for services provided by the Operational Creditor.
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The application sought the initiation of liquidation for Bhoomika Media Initiative Private Limited (Corporate Debtor) under Section 33(2) of the IBC, 2016. The Corporate Debtor, engaged in media and broadcasting, defaulted on an operational debt of Rs. 2,90,56,000/- to Radiant Digitek Network Limited (Operational Creditor). The Corporate Insolvency Resolution Process (CIRP) commenced on 28.05.2025, with Ms. Divya Somani appointed as Interim Resolution Professional (IRP) and continuing as Deemed Resolution Professional. Despite efforts, including inviting Expressions of Interest and extending the CIRP period, no viable resolution plan was received due to persistent non-cooperation from the suspended directors, incomplete records, and intermingled assets. The Committee
…Bhoomika Media Initiative Private Limited ('Corporate Debtor') was incorporated under the provisions of the Companies Act, 1956 on 01.05.2012, bearing Corporate Identification Number (CIN) U22130RJ2012PTC038755.
The Corporate Debtor was engaged in the business of media and broadcasting and availed services from Radiant Digitek Network Limited ('Operational Creditor'/ 'OC') for making its television channel, namely "AITV", available to viewers.
The outstanding operational debt accumulated to Rs. 2,90,56,000/- (Rupees Two Crores Ninety Lakhs Fifty-Six Thousand Only) as on 31.03.2023 due to persistent non-payment for services provided by the Operational Creditor.
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