TV Vision Ltd has completed the e-voting for its 3rd Committee of Creditors (CoC) meeting. Key approvals include the issuance of the Request for Resolution Plans (RFRP) scheduled for November 12, 2026, and the appointment of M/s Vijay Garg & Associates as the forensic auditor. The CoC also ratified CIRP costs and set the professional fee structure for the resolution process, marking a significant step forward in the company's insolvency proceedings.
TV Vision Ltd: Key Outcomes from 3rd CoC Meeting
CIRP Costs ratified at Rs 8.84 lakh; RFRP issuance set for 12th November 2026.
Reader Takeaway: The company moves toward potential resolution with key procedural milestones cleared, though the forensic audit introduces regulatory scrutiny.
What just happened
TV Vision Ltd has concluded the e-voting process for its 3rd Committee of Creditors (CoC) meeting. The creditors have formally approved the Request for Resolution Plans (RFRP) and the evaluation matrix, which are slated for issuance on 12th November 2026. This move accelerates the search for a resolution applicant to revive the company's operations.
Why this matters
The approval of the RFRP is a critical milestone in the Corporate Insolvency Resolution Process (CIRP). It establishes the framework under which prospective buyers can submit bids. Simultaneously, the appointment of M/s Vijay Garg & Associates as forensic auditor signifies a thorough review of the company's financial history to ensure compliance and uncover any potential irregularities under the Insolvency and Bankruptcy Code (IBC).
Key Operational Decisions
The CoC ratified CIRP-related costs of Rs 8.84 lakh incurred between late July and mid-October 2026. The monthly fee for the Resolution Professional, Mr. Alok Kumar Murarka, was fixed at the statutory minimum of Rs 2 lakh per month until the resolution plan is filed, after which it will reduce to Rs 1 lakh per month. Additionally, the committee authorized shorter notice periods of 24 hours for future meetings to expedite decision-making.
Risks to watch
Investors should monitor the forensic audit findings, as findings of fraudulent or preferential transactions could impact the resolution plan's viability or lead to further legal proceedings. The reception of the RFRP by market participants remains the primary indicator of investor confidence in the company's future.
What to track next
The issuance of the RFRP on 12th November 2026 and the subsequent response from prospective bidders will be the next major markers for shareholders.