MUMBAI: Satyanarayan Jena, the chief financial officer of the MSO Ortel Communications has stepped down. The resignation of the executive was effective from yesterday.

“We hereby inform you that Satyanarayan Jena, has resigned from the post of chief financial officer of the company. The company has accepted his resignation and he will be relieved of his responsibilities effective from close of business hours on 28 February 2019,”  the company said in a BSE filing. Jena was elevated as CFO back in 2017 when Manoj Kumar Patra resigned from his position. He was associated with the company since 12 November 2015.  

Ortel Communications is undergoing corporate insolvency resolution process (CIRP) and as on 27 November 2018, the National Company Law Tribunal passed an order for comencement of CIRP in last November. Sony Pictures Networks India( SPNI), an operational creditor of Ortel filed the application.