NCLT orally approves Resolution Plan for SAB Events under PPIRP
SABEVENTS · price
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NCLT Mumbai Bench has orally pronounced its order on July 10, 2026, approving the Resolution Plan for SAB Events and Governance Now Media Limited under Section 54L of the Insolvency and Bankruptcy Code, 2016. This relates to the company's Pre-Packaged Insolvency Resolution Process (PPIRP). The detailed written order and certified copy are awaited and will be submitted to the stock exchanges once received.
Oral approval is a positive step toward the company exiting insolvency, though the final written order is still pending.