All payments under approved Resolution Plan completed, company informs exchanges
SAB Events & Governance Now Media Ltd has told the exchanges that it has made all payments outstanding towards unpaid PPIRP Costs, Financial Creditors and Operational Creditors.
- Resolution Plan Status
- All payments outstanding towards unpaid PPIRP Costs, Financial Creditors and Operational Creditors made within stipulated timelines
- NCLT Order Date
- July 10, 2026
- Legal Framework
- Sections 54K(12) and 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016
- Process
- Pre-Packaged Insolvency Resolution Process (PPIRP) Regulations, 2021
- Exchanges Intimated
- BSE (Scrip Code: 540081) and NSE (Symbol: SABEVENTS)
The company's update
SAB Events & Governance Now Media Ltd has informed BSE (Scrip Code: 540081) and NSE (Symbol: SABEVENTS) that it has made all payments outstanding towards unpaid PPIRP Costs, Financial Creditors and Operational Creditors within the respective timelines stipulated under the Resolution Plan approved by the Hon'ble NCLT.
What the disclosure says
- The Resolution Plan was approved by the Hon'ble NCLT vide its Order dated July 10, 2026, under Sections 54K(12) and 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016 and applicable provisions of the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) Regulations, 2021.
- The payments were undertaken in furtherance of the implementation of the Resolution Plan.
- The payments were made in accordance with the guidance and directions of the Monitoring Committee, constituted pursuant to the NCLT Order.
- The company states that it has complied with the payment obligations specified under the approved Resolution Plan.
Some terms explained simply
PPIRP stands for Pre-Packaged Insolvency Resolution Process, a framework under the Insolvency and Bankruptcy Code, 2016 in which a debtor works with creditors on a resolution plan before formally entering the process.
The Resolution Plan is the agreed roadmap for how the company's outstanding dues to different sets of creditors are to be settled. PPIRP Costs are the costs of running that process. Financial Creditors are lenders whose dues arise from financial contracts, while Operational Creditors are those owed money for goods or services supplied in the ordinary course of business.
The Monitoring Committee is the body set up after the plan is approved to oversee how it is put into effect.
What this announcement is about
This is an update on the implementation of an already approved Resolution Plan. It states that the payments outstanding to the three categories mentioned - unpaid PPIRP Costs, Financial Creditors and Operational Creditors - have been made within the timelines set out in that plan.
How it may be perceived
A statement that payment obligations under an approved resolution plan have been completed within the stipulated timelines can be seen as a sign of progress on the plan's implementation. Investors may note that the announcement covers the payments specified under the plan and that the company has stated compliance with those obligations.
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