Sab Events & Governance Now Media Limited has informed the Exchange about ongoing Pre-Packaged Insolvency Resolution Process ( PPIRP )
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Sab Events & Governance Now Media Limited has informed exchanges about the 5th meeting of its Committee of Creditors held on April 28, 2026, under the ongoing Pre-Packaged Insolvency Resolution Process (PPIRP). The CoC discussed an Affidavit and Legal Opinion submitted by the Resolution Professional regarding the eligibility of the Resolution Applicant, following directions from the Hon'ble NCLT dated April 21, 2026. After deliberations, the CoC requested one day for further consideration of the matter. The company will intimate the outcome once confirmed by the CoC. This indicates the insolvency resolution process is active with NCLT oversight.
The company remains in an active insolvency resolution process, which is negative for equity shareholders as resolution plans typically result in significant dilution or cancellation of existing equity. Continued NCLT involvement and pending resolution applicant eligibility creates continued uncertainty for investors.