Quadrant Televentures Limited, a telecom and broadband service provider based in Mohali, Punjab, has officially released the list of creditors following the initiation of Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT).

The company, which operates under the brand name Connect Broadband, is undergoing insolvency proceedings as per the NCLT order dated September 2, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).

The latest update, disclosed to the BSE Limited in compliance with Regulation 30 read with Clause 16(e) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides stakeholders with a comprehensive view of the creditor claims filed up to September 16, 2025.

Details of the Disclosure

In its official filing dated October 8, 2025, Quadrant Televentures informed that the list of creditors who have submitted their claims till September 16, 2025, along with the status of each claim, has been uploaded on the website of the Insolvency and Bankruptcy Board of India (IBBI).

The company stated that this information is publicly accessible on the IBBI portal through the following link:
https://ibbi.gov.in/en/claims/front-claim-details/22959

This disclosure aims to maintain transparency and keep investors and creditors informed about the progress of the insolvency proceedings.

Background: NCLT Admission under IBC

The National Company Law Tribunal (NCLT) admitted Quadrant Televentures Limited into the Corporate Insolvency Resolution Process (CIRP) on September 2, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Section 7 of the IBC allows a financial creditor to file an application before the NCLT to initiate insolvency proceedings against a defaulting company. Once admitted, the control of the company’s management and operations is transferred to an Interim Resolution Professional (IRP).

The IRP is responsible for verifying creditor claims, managing the company during the insolvency process, and forming a Committee of Creditors (CoC), which plays a central role in approving or rejecting any Resolution Plan for the company’s revival.

Quadrant Televentures and Its Business Operations

Quadrant Televentures Limited (QTL) is engaged in providing telecommunication and broadband services across Punjab and adjoining regions under the Connect Broadband brand.

The company operates from its corporate office in Mohali, Punjab, and its registered office in Aurangabad, Maharashtra.

Over the years, Quadrant Televentures has built a significant presence in the fixed-line broadband segment, offering internet, voice, and enterprise connectivity solutions.

However, the company has faced financial challenges in recent years due to intense market competition, regulatory pressures, and declining margins in the telecom sector.

The admission of the company into CIRP marks a significant phase in its corporate restructuring process aimed at reviving financial stability and exploring potential resolution strategies.

Disclosure under SEBI Listing Obligations

As a listed company on the Bombay Stock Exchange (BSE) under Scrip Code 511116, Quadrant Televentures is required to inform stock exchanges of all material events that could impact shareholders and investors.

The latest disclosure regarding the availability of the creditor list falls under Regulation 30 of the SEBI (LODR) Regulations, ensuring that investor interests are safeguarded through timely and accurate information.

Such regulatory filings also reinforce the company’s commitment to maintaining compliance and transparency during the ongoing insolvency process.

Understanding the Creditor List

The creditor list published on the IBBI website includes the names of all creditors who have submitted their claims to the Resolution Professional as of September 16, 2025.

Each entry on the list provides details about the amount claimed, amount admitted, nature of debt, and status of verification.

This list plays a crucial role in determining the voting share of each creditor within the Committee of Creditors (CoC). The CoC later evaluates potential Resolution Plans or Liquidation Proposals to decide the company’s financial future.

For investors and stakeholders, this public disclosure serves as an essential update on the progress of the insolvency proceedings and the extent of liabilities faced by Quadrant Televentures.

Corporate Insolvency Resolution Process (CIRP): What It Means

The Corporate Insolvency Resolution Process (CIRP) is a time-bound procedure under the Insolvency and Bankruptcy Code (IBC) 2016, designed to resolve insolvency issues of a financially distressed company.

Once the process is initiated, an Interim Resolution Professional (IRP) takes control of the management and assets of the company. The IRP invites claims from creditors, verifies them, and constitutes a Committee of Creditors (CoC).

The CoC then appoints a Resolution Professional (RP) and examines Resolution Plans submitted by prospective investors or bidders interested in reviving the company.

If a viable plan is approved by the CoC and sanctioned by the NCLT, the company can continue operations under new management. If not, the company may proceed toward liquidation.

Quadrant Televentures: Path Ahead

With the CIRP now underway, Quadrant Televentures will be governed by the Insolvency Resolution Professional appointed by the NCLT.

The professional will oversee the operations, manage claims, and explore feasible solutions for reviving the company’s business operations or identifying strategic investors.

Stakeholders are keenly watching the developments, as the outcome of the insolvency process will determine whether Quadrant Televentures can successfully restructure and return to stable operations or proceed towards liquidation.

Significance for Stakeholders

For shareholders, lenders, and other creditors, the publication of the creditor list marks a key milestone in the insolvency journey. It provides a transparent account of financial claims and the company’s outstanding obligations.

Investors can track all future updates on the IBBI website, where the Resolution Professional will continue to publish periodic disclosures and updates on claim verification, CoC meetings, and any Resolution Plan submissions.

The timely disclosure to BSE also reinforces Quadrant Televentures’ adherence to corporate governance despite being under insolvency proceedings.

Corporate Governance and Communication

Even under the CIRP framework, Quadrant Televentures continues to uphold its communication responsibilities through regular stock exchange filings and website updates.

Such steps demonstrate the company’s commitment to maintaining transparency and accountability to all stakeholders, including creditors, employees, and investors.

By ensuring full disclosure of creditor-related information, the company contributes to a fair and transparent insolvency process, which is the core principle of the IBC framework.

Conclusion

The release of the creditor list by Quadrant Televentures Limited following the NCLT order admitting the company to insolvency represents a crucial phase in its restructuring journey.

As the Corporate Insolvency Resolution Process progresses, all eyes will be on the next steps — including claim verifications, CoC formation, and potential resolution proposals that could determine the future of the company.

The company’s continued adherence to SEBI disclosure norms, even during insolvency, highlights its commitment to transparency, governance, and stakeholder communication.

Stakeholders, investors, and creditors are encouraged to monitor updates via the IBBI website and stock exchange filings, as the resolution process unfolds in the coming months.

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