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NCLT admits PNB insolvency claim against TV Vision for ₹294.65 crore

Punjab National Bank logoPunjab National Bank
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The Mumbai Bench of the National Company Law Tribunal admitted Punjab National Bank’s insolvency application against TV Vision Ltd under Section 7 of the IBC, finding the loan to be a financial debt and that default was established through documentary evidence. The Bench noted that repeated OTS proposals acknowledging dues extend limitation, though no settlement was concluded.

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