Siti Networks Limited Enters Corporate Insolvency Resolution Process, NCLT Appoints Resolution Professional
Siti Networks Limited has entered Corporate Insolvency Resolution Process. The National Company Law Tribunal (NCLT) appointed Mr. Trupalkumar Patel as Resolution Professional on September 28, 2026.
Insolvency resolution is a critical event that fundamentally impacts the company's operations, financial standing, and future prospects.
The company entering into Corporate Insolvency Resolution Process is a significant negative event, indicating severe financial distress.
Siti Networks Limited has officially entered the Corporate Insolvency Resolution Process (CIRP) following an order from the Hon’ble National Company Law Tribunal, Mumbai Bench (NCLT). The NCLT, through an order dated September 28, 2026, which was received by the company on October 12, 2026, has appointed Mr. Trupalkumar Patel as the Resolution Professional for the company. Mr. Patel's IP Registration Number is IBBI/IPA-001/IP-P01186/2018-19/11907.
This disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed a copy of the NCLT's order as an annexure to the filing. The company secretary and compliance officer, Suresh Kumar, has confirmed this information.
What to do with a filing like this
Siti Networks Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Siti Networks Limited. Read the original for the full detail.