Siti Networks Limited — Important, 30-10-2024: Updates

Siti Networks Limited has reported a default on the payment of term loan instalments totaling ₹1,206.03 crore from various lenders, effective September 30, 2024. The company's corporate insolvency resolution process is ongoing, following a National Company Law Tribunal order. The interim resolution professional has invited claims from financial and operational creditors, with updates expected as claims may change. Siti Networks continues to operate under the supervision of the interim resolution professional.