JKB Financial Services Ltd.

As on : 29-Aug-2026

Corporate News
29-Aug-2026 21:09

TV Vision Limited’s insolvency process faces delays amid Rs 4.7 crore in creditor claims

TV Vision Limited, undergoing a Corporate Insolvency Resolution Process (CIRP) since August 13, 2026, faces a complex landscape of creditor claims, according to a recent assessment. Operational creditors, including Tata Play Limited, Sony Music Entertainment India Private Limited, and Nova Digital & Broadband Private Limited, have collectively claimed over Rs 4.7 crore. While principal amounts for several claims, such as those from Sony Music and Nova Digital, have been admitted, discrepancies in account reconciliation and interest calculations are delaying full approval. Tata Play’s claim of Rs 2.88 crore has seen Rs 2.75 crore admitted, with Rs 12.92 lakh plus interest still under verification. Ultra Media and Entertainment Private Limited’s Rs 50 lakh claim remains contingent due to a pending copyright infringement lawsuit, stayed under the Insolvency and Bankruptcy Code. The Interim Resolution Professional is requesting carriage agreements and supporting documentation to facilitate claim verification, highlighting the challenges posed by the company’s lack of updated financial records.

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