QTQuadrant Televentures511116CIRP or IBC

CoC approves appointment of legal counsel for Resolution Professional in DoT matter

Quadrant Televentures (under CIRP) shared the outcome of its 17th Committee of Creditors meeting.

By ScoutQuest · Sat 24 Oct 2026, 10:55 AM IST · 1 min read

Votes in favour

95.6%

Approval threshold required

51%

CoC meeting

17th Committee of Creditors meeting held on October 17, 2026

What was decided

• The 17th meeting of the Committee of Creditors (CoC) of Quadrant Televentures was held on October 17, 2026, and the outcome was intimated to the exchanges on October 24, 2026.
• One resolution was put to e-voting: to ratify the appointment of a legal counsel to represent the Resolution Professional in an interlocutory application shared by the Department of Telecommunications (DoT), and the professional fees of that counsel.
• The resolution was approved.

Vote count

• Voting percentage required for the item: 51%.
• Voting percentage approved: 95.6%.
• That is a wide margin above the threshold, so the item carried with substantial backing from the lenders on the committee.

What this means for a retail shareholder

• The company is running under the Corporate Insolvency Resolution Process, having been admitted by an NCLT order dated September 2, 2025. During CIRP, decisions on the company's affairs are taken by the CoC of its financial creditors, and the Resolution Professional runs day-to-day matters.
• This particular approval is procedural: it lets the Resolution Professional engage and pay a lawyer to defend or argue a pending application shared by DoT before the NCLT.
• The update deals with one meeting item only. It does not set out the terms of the legal engagement or the amount of the professional fees.

Things worth tracking

• How the DoT interlocutory application progresses before the NCLT.
• Further outcomes of the CoC as the resolution process moves ahead.

Please treat this as an information update on the insolvency proceedings rather than a change in the company's business or financial position as such.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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