NCLT approves Resolution Plan under PPIRP for SAB Events

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

SABEVENTS · price

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹9.20

prior close

₹9.20

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-5.1% vs market

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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-18.4-0.7-17.7

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Mumbai Bench orally pronounced its order on July 10, 2026, approving the Resolution Plan for SAB Events under Section 54L of the Insolvency and Bankruptcy Code in the Pre-Packaged Insolvency Resolution Process (PPIRP). Written order is awaited.

Likely market impact

Positive - NCLT approval moves SAB Events closer to exiting the pre-packaged insolvency process and potential revival of operations.