Quadrant Televentures CoC Clears Resolution Plan in 2026

Resolution Plan Receives Full Creditor Support

Quadrant Televentures Ltd’s Committee of Creditors, or CoC, has approved a resolution plan under the company’s Corporate Insolvency Resolution Process, or CIRP. The approval was recorded at the 12th CoC meeting, held on July 7, 2026. The plan received 100% voting approval from the creditors. This exceeded the stated 66% voting requirement for approval of a resolution plan. The approved proposal is now set to be submitted to the National Company Law Tribunal, or NCLT, for final approval. The development marks an important procedural step in the insolvency process that began on September 2, 2025. The information was reported through company-related filings and insolvency watch-list disclosures.

What the CoC Approved

The creditors considered multiple submitted resolution plans at the 12th meeting. One plan was approved with unanimous support. The other submitted resolution plans were rejected, according to the investor feed disclosure. The creditor body also approved seven other resolutions connected with the ongoing CIRP. These included a tie-breaker formula, ratification of an extension, changes to the performance-linked incentive for the Resolution Professional, related-party transactions, CIRP costs, a budget, and appointment of a Resolution Professional for the monitoring committee. Voting support for these additional resolutions ranged from 65.93% to 95.36%. The approvals indicate that creditors completed several administrative and operational decisions alongside their consideration of the resolution plan.

Key Facts From the Insolvency Process

Process Before the Plan Approval

The company’s CIRP involved several creditor meetings before the July plan decision. Quadrant Televentures had announced that its sixth CoC meeting was scheduled for February 23, 2026. Earlier disclosures also showed that the deadline for submitting resolution plans had been extended to May 25, 2026. That extension was approved with 77.19% votes. At the 11th CoC meeting on June 11, 2026, four resolutions were put to vote and all were approved with 81.83% voting support. Those resolutions included ratification of the bid challenge process and approvals related to CIRP costs.

The voting record shows that the process included decisions on costs, timelines and the framework for evaluating bids before creditors selected a plan. The resolution-plan vote at the 12th meeting was therefore part of a series of decisions taken by the CoC. The available disclosures do not state the commercial terms of the approved plan or identify the successful resolution applicant. They only confirm that one plan obtained full creditor approval. The NCLT approval process remains the stated next stage.

Resolution Professional Appointments

Disclosures also refer to Rajesh Jhunjhunwala as the Resolution Professional, or RP, for Quadrant Televentures. His appointment was approved by the CoC with 81.44% voting support during the fourth meeting. Earlier e-voting concluded on October 31, 2025, with various proposals receiving support ranging from 67.59% to 81.44%. These matters included ratification of Interim Resolution Professional fees and expenses, going-concern costs, and authorisations connected with operations and bank accounts.

An earlier proposal for appointment of a Resolution Professional had received only 4.74% support, according to the provided disclosures. Later filings state that the CoC ratified Mr Jhunjhunwala’s appointment. The 12th-meeting approvals also included an appointment related to the monitoring committee. Such a committee was specifically referenced among the resolutions approved by creditors, although the disclosures do not provide further details on its composition or role.

Later CoC Meeting Disclosures

The company continued to report CoC-related developments after the 12th meeting. A BSE filing dated August 27, 2026 referred to the outcome of a CoC meeting. Another announcement dated October 13 said the 16th CoC meeting, held on September 28, 2026, approved the appointment and fees of senior counsel. On October 22, 2026, the company intimated the market about an 18th CoC meeting. The supplied material also carries a headline referring to the outcome of the 17th meeting.

These later notices indicate that the creditor process continued after the resolution-plan approval. However, the supplied disclosures do not state whether the NCLT had approved the plan by October 24, 2026. They also do not provide the outcome of the proposed 18th meeting. The available information therefore supports only that creditors approved a plan and that it was to be placed before the tribunal.

Market Reference and Investor Context

Quadrant Televentures shares were quoted at Rs 0.71 on October 24, 2026, down 1.39%, according to the BSE-sourced market information provided. The figure is a point-in-time market reference and does not establish a direct link between the price movement and the CIRP developments. For investors, the main confirmed event is the unanimous creditor approval of a resolution plan. Tribunal approval is a separate stage under the process described in the filings.

The company’s continued CoC announcements are relevant because they show that insolvency-related governance and administrative actions remained active. Decisions on legal counsel, costs, budgets and monitoring arrangements have been disclosed at different points in the process. But the materials do not provide revenue figures, debt amounts, recovery values, or the financial terms offered under the approved plan. Any assessment of eventual recoveries or shareholder impact would require information not included in the current disclosures.

Why the NCLT Stage Matters

The CoC vote is the creditors’ decision on the resolution proposal, while the reported next step is submission to the NCLT. The tribunal’s decision is therefore central to the formal progression of the approved plan. The filings specifically say that the plan will be submitted to the Hon’ble NCLT for approval. Until a tribunal outcome is disclosed, the known position remains the creditors’ 100% approval at the 12th CoC meeting.

The later meeting notices show that the CIRP did not end with the July vote. They also show continued attention to legal and administrative matters by the creditor body. Investors and other stakeholders will need to monitor subsequent BSE filings for any NCLT order, further CoC outcomes, or disclosures on implementation arrangements.

Conclusion

Quadrant Televentures’ creditors approved one resolution plan with 100% support at their 12th meeting on July 7, 2026, while rejecting other plans. They also cleared seven related CIRP resolutions with voting support ranging from 65.93% to 95.36%. The plan was slated for submission to the NCLT, while later filings showed that CoC meetings and CIRP-related decisions continued through October 2026.