Punjab National Bank (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against TV Vision Limited (Corporate Debtor) for defaulting on a financial debt of Rs. 294,65,82,103.48/-. The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on March 31, 2018. The Corporate Debtor admitted the default but initially objected to the proposed Interim Resolution Professional (IRP), Ms. Smita Gupta. Subsequently, the Financial Creditor proposed Mr. Alok Kumar Murarka as the IRP, to which the Corporate Debtor had no objection.
Punjab National Bank (Financial Creditor) filed C.P. (IB) No. 143/MB/2026 on 12.02.2026 under Section 7 of the IBC, 2016.
The application sought to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. T V VISION LIMITED (Corporate Debtor).
The alleged default in repayment of financial debt amounts to Rs. 294,65,82,103.48/-.
The application was affirmed by Ms. Winne Grover, authorized signatory of Punjab National Bank, on 23.01.2026.
The date of default is stated as 31.03.2018.
The Corporate Debtor is a group company of SAB Group, engaged in TV channel broadcasting.
The Financial Creditor sanctioned two term loan facilities of Rs. 50.00 Crore each in 2016, totaling Rs. 100.00 Crore.
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Punjab National Bank (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against TV Vision Limited (Corporate Debtor) for defaulting on a financial debt of Rs. 294,65,82,103.48/-. The Corporate Debtor's account was classified as a Non-Performing Asset (NPA) on March 31, 2018. The Corporate Debtor admitted the default but initially objected to the proposed Interim Resolution Professional (IRP), Ms. Smita Gupta. Subsequently, the Financial Creditor proposed Mr. Alok Kumar Murarka as the IRP, to which the Corporate Debtor had no objection.
Punjab National Bank (Financial Creditor) filed C.P. (IB) No. 143/MB/2026 on 12.02.2026 under Section 7 of the IBC, 2016.
The application sought to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. T V VISION LIMITED (Corporate Debtor).
The alleged default in repayment of financial debt amounts to Rs. 294,65,82,103.48/-.
The application was affirmed by Ms. Winne Grover, authorized signatory of Punjab National Bank, on 23.01.2026.
The date of default is stated as 31.03.2018.
The Corporate Debtor is a group company of SAB Group, engaged in TV channel broadcasting.
The Financial Creditor sanctioned two term loan facilities of Rs. 50.00 Crore each in 2016, totaling Rs. 100.00 Crore.
…Financial Creditor…
Various loan and security documents executed by…