NCLT admits PPIRP petition for SAB Events and Governance Now Media
SABEVENTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NCLT Mumbai admitted SAB Events and Governance Now Media's petition for Pre-Packaged Insolvency Resolution Process (PPIRP) under Section 54C of IBC on November 4, 2025. Mr. Kedar Parshuram Mulye appointed as Resolution Professional. The MSME in digital media and MICE events owes about Rs. 4.53 crore to Moviestar from a Rs. 10 crore facility. Financial distress worsened by COVID-19 which halted its events business. Moratorium declared. Next hearing December 8, 2025.
Insolvency process begins. Shareholders face uncertainty on equity value as Resolution Professional is appointed. Management remains under oversight.