Second creditors committee meeting scheduled for December 22 under insolvency process
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SAB Events and Governance Now Media Limited has informed exchanges that the 2nd meeting of the Committee of Creditors will be held on December 22, 2025 at 5 PM. The company is currently undergoing a Pre-packaged Insolvency Resolution Process under the Insolvency and Bankruptcy Code. The meeting will consider ratifying insolvency process costs incurred by the Resolution Professional and approving the earnest money deposit and performance security amount for resolution applicants.
Company remains under insolvency process, indicating financial stress. Outcome of this meeting will shape the resolution plan and affect shareholder recovery prospects.