16th CoC meeting: appointment of senior counsel and professional fees for Resolution Professional approved
Quadrant Televentures Ltd (under CIRP) has shared the outcome of e-voting at the 16th meeting of its Committee of Creditors (CoC).
By ScoutQuest · · 1 min read
- Votes in favour
- 95.6%
- Approval threshold
- 51%
- CoC meeting
- 16th meeting of its Committee of Creditors (CoC)
The company, which is undergoing Corporate Insolvency Resolution Process, has informed the exchanges of the outcome of e-voting at the 16th meeting of its Committee of Creditors (CoC). The intimation is post-facto, and the meeting was convened on Monday, September 28, 2026.
What was put to vote
- One resolution was placed before the CoC for voting.
- The resolution sought to ratify the appointment of a senior counsel and the professional fees for representation of the Resolution Professional in the interlocutory application for approval of the resolution plan.
- The resolution was approved, with 95.6% of the votes cast in favour against a requirement of 51%.
How to read this
- The CoC is the committee of creditors that takes key decisions in a company's insolvency resolution process, and its resolutions pass on a minimum share of votes.
- This particular vote was on ratifying legal representation and the related professional fees for the Resolution Professional's application seeking approval of the resolution plan.
- The disclosure is an update on the insolvency process.
Key numbers
- Voting percentage required: 51%
- Voting percentage approved: 95.6%
What a reader may note
- The decision recorded is an approval by the CoC, as stated in the update.
- The resolution relates to the interlocutory application for approval of the resolution plan, which is before the National Company Law Tribunal.
- The company states it is under Corporate Insolvency Resolution Process by NCLT order dated September 2, 2025.
Also from Quadrant Televentures
CoC clears shorter notice period agenda with 100% votes in favour
24 Oct 2026
CoC approves appointment of legal counsel for Resolution Professional in DoT matter
24 Oct 2026
18th Committee of Creditors meeting scheduled for October 23, 2026
22 Oct 2026
More numbers
- Voting percentage required for the resolution51%
- Voting percentage approved for the resolution95.6%
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