TV Vision Limited: Committee of Creditors Meeting Discusses CIRP Costs and Appoints Professionals
TV Vision Limited's Committee of Creditors met on September 25, 2026, to discuss CIRP costs and operations. Key decisions included approving ₹7,00,481 in incurred CIRP costs and appointing various professionals: Adv. Agam H. Maloo (Advocate), Virendra Rajeev & Associates (Accountants), K. Bagla & Associates (Company Secretaries), Bhavin R. Patel and VRudra Asset Reckoners (Valuers), and MSMK & Co. (Internal Auditors). The Resolution Professional's monthly remuneration was set at ₹2,00,000.
The appointment of various professionals and approval of CIRP costs are necessary steps in the insolvency resolution process. These actions are crucial for the company's operations and potential revival, hence having a medium-term impact on the process.
The announcement details routine proceedings of a Committee of Creditors meeting during a Corporate Insolvency Resolution Process. While it outlines appointments and approvals, there are no new financial results or significant positive/negative developments impacting the company's outlook.
TV Vision Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), held its second meeting of the Committee of Creditors (CoC) on Friday, September 25, 2026. The meeting, convened in accordance with the Insolvency and Bankruptcy Code, 2016 (IBC 2016), addressed various matters related to the CIRP. E-voting on the resolutions considered commenced on September 28, 2026, and concluded on October 1, 2026.
During the meeting, the CoC approved and ratified CIRP costs incurred by the Resolution Professional (RP) from the Insolvency Commencement Date (July 30, 2026) until the meeting date, amounting to ₹7,00,481. The estimated CIRP costs, income, and cash flow up to the next meeting were also approved, authorizing the RP to incur such costs.
Furthermore, the CoC approved and ratified the salaries and wages for employees and professionals for August 2026, totaling ₹2,68,260 for three employees and one professional. It was resolved that Ms. Priya Paranjape and Mr. Sunil Jondhalekar's engagement would conclude in October 2026, while the RP was authorized to continue disbursing salaries to remaining employees.
The meeting also saw the appointment of Adv. Agam H. Maloo (Maloo & Co.) as the individual advocate for routine matters, M/s Virendra Rajeev & Associates as Chartered Accountants for accounting and statutory compliance, and M/s K. Bagla & Associates as Company Secretaries for SEBI and other statutory compliance. Mr. Bhavin R. Patel and M/s VRudra Asset Reckoners & Consultants Pvt. Ltd were appointed as Registered Valuers to determine the Fair Value and Liquidation Value. M/s MSMK & Co. was appointed as the Internal Auditor.
The remuneration of the Resolution Professional, Mr. Alok Kumar Murarka, was approved at ₹2,00,000 per month, plus applicable GST and out-of-pocket expenses.
What to do with a filing like this
TV Vision 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by TV Vision Limited. Read the original for the full detail.