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SITI Networks Limited has defaulted on term loan repayments amounting to ₹1,206.03 crore, involving multiple lenders including Axis Bank, ARCIL, and Aditya Birla Finance. The company is under Corporate Insolvency Resolution Process with an Interim Resolution Professional appointed, suspending the board’s powers. Legal proceedings have upheld the insolvency order, and disputes over operational transactions during the moratorium period remain under appeal. Financial creditors’ claims totaling over ₹1,129 crore have been admitted, with ongoing updates expected as the resolution process continues.