NCLT Orally Approves Resolution Plan for SAB Events & Governance Now Media in Insolvency Process
SAB Events & Governance Now Media Limited announced on July 10, 2026, that the National Company Law Tribunal (NCLT), Mumbai Bench, orally pronounced an Order approving its resolution plan. This approval pertains to the company's Pre-Packaged Insolvency Resolution Process (PPIRP).The NCLT’s decision aligns with Section 54L and other applicable provisions of the Insolvency and Bankruptcy Code, 2016, read in conjunction with the Insolvency and Bankruptcy Board of India (IBBI) Pre-Packaged Insolvency Resolution Process Regulations, 2021.
While the resolution plan has received oral approval from the esteemed tribunal, the company confirmed that the detailed written Order and a certified copy are currently awaited. SAB Events & Governance Now Media Limited stated it will submit the certified copy of the Order to the Stock Exchanges upon receipt and will make further disclosures as required.
SABEVENTS Stock Price Movement
Shares of Sab Events & Governance Now Media Limited rallied today after closing at ₹9.20, reflecting a 4.90% surge in the market. The movement saw brisk trading, with 4,003 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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