Siti Networks Limited — Important, 30-07-2025: Updates

Siti Networks has defaulted on term loan instalments and interest, with a current default and total financial indebtedness of INR 1,206.03 Cr from banks and financial institutions. The Corporate Insolvency Resolution Process (CIRP) has been reinstated, and the company's Board powers are suspended, vested in the Interim Resolution Professional (IRP). Legal challenges persist regarding aspects of the insolvency process, including the insolvency commencement date and past fund appropriations. This highlights significant financial distress and an ongoing, complex resolution.