StockWatch
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Electronic Media
Legal22 Jul 2026, 05:40 pm

SAB Events Constitutes Monitoring Committee Post NCLT Order

AI Summary

SAB Events & Governance Now Media Ltd has constituted a Monitoring Committee effective July 22, 2026. This action follows the National Company Law Tribunal (NCLT), Mumbai Bench-I's order dated July 10, 2026, which approved the company's Resolution Plan under Chapter III-A of the Insolvency and Bankruptcy Code, 2016. The committee's role is to supervise and monitor the implementation of the approved Resolution Plan until its effective completion. This development is a continuation of the company's earlier disclosure on July 21, 2026, regarding the receipt of the certified NCLT order.

Key Highlights

  • Monitoring Committee formed to oversee Resolution Plan implementation.
  • NCLT approved the Resolution Plan on July 10, 2026.
  • Committee operational from July 22, 2026.
  • Follows Pre-packaged Insolvency Resolution Process under IBC, 2016.