Siti Networks Limited — Important, 30-06-2025: Updates

SITI Networks Limited has defaulted on loan repayments amounting to ₹1,206 Cr, with admitted claims of ₹1,129.27 Cr. The National Company Law Tribunal (NCLT) initiated the Corporate Insolvency Resolution Process (CIRP), and the Interim Resolution Professional now holds the board’s powers. The company’s appeal against insolvency was dismissed by the NCLAT. SITI Networks is currently in discussions with lenders for debt restructuring, reflecting ongoing financial stress and operational control under insolvency resolution.