{"id":862481,"date":"2024-10-03T09:04:39","date_gmt":"2024-10-03T03:34:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=862481"},"modified":"2024-10-03T09:22:02","modified_gmt":"2024-10-03T03:52:02","slug":"tribunal-orders-lenders-of-insolvent-siti-networks-to-return-%e2%82%b9148-crore-to-company","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/03\/tribunal-orders-lenders-of-insolvent-siti-networks-to-return-%e2%82%b9148-crore-to-company\/","title":{"rendered":"Tribunal orders lenders of insolvent Siti Networks to return \u20b9148 crore to company"},"content":{"rendered":"<p>An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company \u20b9143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. <\/p>\n<p>The tribunal\u2019s order, issued on Tuesday, is based on a petition filed by Asset Reconstruction Company (India) Ltd, one of the creditors, which alleged that certain other creditors had unlawfully withdrawn funds from Siti while a stay on the insolvency proceedings was in effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company \u20b9143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The tribunal\u2019s order, issued on Tuesday, is based on a petition filed by Asset Reconstruction Company (India) Ltd, one of the creditors, which alleged that certain other creditors had unlawfully withdrawn funds from Siti while a stay on the insolvency proceedings was in effect.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54,13,4],"tags":[],"class_list":["post-862481","post","type-post","status-publish","format-standard","hentry","category-broadcasting-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/862481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=862481"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/862481\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=862481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=862481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=862481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}