NCLT, Mumbai Bench appoints Resolution Professional in CIRP
Siti Networks Ltd has informed the exchanges that the Hon'ble National Company Law Tribunal, Mumbai Bench, has appointed Mr. Trupalkumar Patel as Resolution Professional of the Company.
By ScoutQuest · · 1 min read
- Resolution Professional Appointed
- Mr. Trupalkumar Patel
- NCLT Order Date
- September 28, 2026
- Order Received Date
- October 12, 2026
What the update says
Siti Networks Ltd has informed BSE Limited and the National Stock Exchange of India Limited that the Hon'ble National Company Law Tribunal, Mumbai Bench, has appointed Mr. Trupalkumar Patel as Resolution Professional of the Company.
The order is dated September 28, 2026 and was received by the company on October 12, 2026. The company has stated that a copy of the said order is enclosed as Annexure – A. The disclosure carries the IP Registration No. IBBI/IPA-001/IP-P01186/2018-19/11907 for the appointed Resolution Professional.
What a Resolution Professional is
- A Resolution Professional is an insolvency professional appointed to conduct the corporate insolvency resolution process of a company.
- The appointment is made by the tribunal, here the National Company Law Tribunal, Mumbai Bench.
- The role is specific to the insolvency process; the company's update identifies who has been appointed to it.
What this means for an investor
- This is an update in the Corporate Insolvency Resolution Process (CIRP) of the company, and it names the professional who will conduct that process.
- The update states the date of the NCLT order and the date the company received it. These are the two dates available in the announcement.
- The detailed terms, if any, are set out in the order itself, a copy of which the company says it has enclosed as Annexure – A.
- The announcement falls under the exchange category "Corporate Insolvency Resolution Process (CIRP) – Updates".
The disclosure was signed by Mr. Suresh Kumar, Company Secretary & Compliance Officer (Membership No. ACS 14390), for Siti Networks Limited, and is dated October 13, 2026.
Also from Siti Networks
NCLT appoints new Resolution Professional after IBBI cancels the earlier RP's registration
14 Oct 2026
Term loan instalment default of August 31, 2026 disclosed; CIRP continues with a new Resolution Professional
1 Oct 2026
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