Announced Fri, 10 Jul · 17:15 IST
NCLT orally approves Resolution Plan for SAB Events under PPIRP
SABEVENTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹9.20
prior close
₹9.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.7-14.1-18.4-15.4-10.7-11.6————
Up moveDown movePending
AI summary
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.
Likely market impact
Oral approval is a positive step toward the company exiting insolvency, though the final written order is still pending.