NCLT Mumbai orders Pre-Packaged Insolvency Resolution Process for Sab Events & Governance Now Media

IBC 10 Jul 2026 · Ruling· ✓ Verified

The NCLT, Mumbai Bench, issued an order on 10 July 2026 admitting Sab Events & Governance Now Media Limited to a Pre-Packaged Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The certified true copy (CTC) of this order was intimated to the stock exchanges (NSE and BSE) on 21 July 2026 as mandated by regulatory disclosure norms. PPIRP is a streamlined restructuring mechanism introduced via Part IIA of the IBC, designed to enable early intervention and faster resolution compared to conventional corporate insolvency resolution processes. The exact terms of the plan, duration, and resolution applicant identities are not disclosed in the stock exchange intimation…

Why it mattersPPIRP-a fast-track insolvency mechanism under IBC 2016 Part IIA-allows a stressed company to negotiate a resolution plan with prospective resolution applicants before formal insolvency, reducing time to emergence and preserving going-concern value; this order signals judicial endorsement of the process and triggers statutory disclosure obligations for all listed securities.
Counsel—
SectorConsumer & Retail
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