Siti Networks informs about outcome of CoC

26 Mar 2024 Evaluate
Siti Networks has informed that the seventh meeting of the Committee of Creditors (CoC) of Siti Networks was held on 201h March 2024, in terms of Section 24 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 18 of the Insolvency and Bankruptcy Board of India (Insolvency Regulation Process for Corporate Persons) Regulations, 2016. During the meeting, the Resolution Professional presented and discussed with the CoC members CIRP related updates in respect of CIRP timelines, claims, business operations and resolution process update. Pursuant to discussions, CoC has decided to extend the last date for submission of Resolution Plan for the Company till 15th April 2024.

The above information is a part of company’s filings submitted to BSE.

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