OthersDisclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
Siti Networks reports default on term loan installments; CIRP ongoing with multiple lenders
Default details
- Nature of defaulted obligation: Term loan instalments.
- Lenders: ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, Vani Agencies Pvt. Ltd., ICNCL.
- Date of default: July 31, 2026.
- Current default amount: Principal 1,206.03 crore; Interest not disclosed.
- Total principal amount: 1,206.03 crore; tenure/interest/secured status not disclosed.
- Total outstanding borrowings from banks/financial institutions: 1,206.03 crore.
- Total financial indebtedness: 1,206.03 crore.
- Insolvency updates: CIRP admitted; IRP appointed; moratorium applicable.
Insolvency proceedings status
- CIRP reinstated; IRP Rohit Mehra; board powers suspended.
- Stay on remittances; Supreme Court stay; 31 July 2025 NCLAT dismissal of appeals.