Siti Networks reveals Rs 1,500 crore loan default as lenders’ claims surge amid insolvency battle

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Storyboard•01/12/2025
Siti Networks reveals Rs 1,500 crore loan default as lenders’ claims surge amid insolvency battle
- •Siti Networks defaults on term-loan repayments as of October 31, 2025.
- •Total verified claims against Siti Networks rise to Rs 1,500 crore.
- •Siti Networks under Corporate Insolvency Resolution Process since February 2023.
- •Supreme Court stays NCLAT directive, barring payments to operational creditors.
Why it matters: Loan defaults and insolvency impact investor confidence and financial market stability.
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