The application was filed by Mr. Kedar Parshuram Mulye, Resolution Professional of SAB Events & Governance Now Media Limited (Corporate Debtor), under Section 54K of the Insolvency and Bankruptcy Code, 2016, read with Regulation 49 of the IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021, for approval of a Resolution Plan. The Corporate Debtor, an MSME engaged in digital media and MICE services, faced severe financial distress due to prolonged revenue decline, exacerbated by the COVID-19 pandemic, leading to a liquidity crunch and current liabilities significantly exceeding current assets. The Board of Directors initiated the Pre-Packaged Insolvency Resolution Process (PPIRP) on 14.08.2025, and the Adjudicating Authority admitted the application
…Mr. Kedar Parshuram Mulye, Resolution Professional of SAB Events & Governance Now Media Limited (Corporate Debtor), filed an application under Section 54K of the IBC for approval of a Resolution Plan.
The Corporate Debtor, SAB Events & Governance Now Media Limited, is an MSME incorporated under the Companies Act, 1956, engaged in digital media, websites, and MICE services.
The Corporate Debtor experienced financial distress due to prolonged revenue decline, the COVID-19 pandemic, a shift to digital content, substantial receivables, and constant fixed overheads, leading to current liabilities exceeding current assets by 4.70 times as of 31.03.2025.
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The Board of Directors of the Corporate…
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The application was filed by Mr. Kedar Parshuram Mulye, Resolution Professional of SAB Events & Governance Now Media Limited (Corporate Debtor), under Section 54K of the Insolvency and Bankruptcy Code, 2016, read with Regulation 49 of the IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021, for approval of a Resolution Plan. The Corporate Debtor, an MSME engaged in digital media and MICE services, faced severe financial distress due to prolonged revenue decline, exacerbated by the COVID-19 pandemic, leading to a liquidity crunch and current liabilities significantly exceeding current assets. The Board of Directors initiated the Pre-Packaged Insolvency Resolution Process (PPIRP) on 14.08.2025, and the Adjudicating Authority admitted the application
…Mr. Kedar Parshuram Mulye, Resolution Professional of SAB Events & Governance Now Media Limited (Corporate Debtor), filed an application under Section 54K of the IBC for approval of a Resolution Plan.
The Corporate Debtor, SAB Events & Governance Now Media Limited, is an MSME incorporated under the Companies Act, 1956, engaged in digital media, websites, and MICE services.
The Corporate Debtor experienced financial distress due to prolonged revenue decline, the COVID-19 pandemic, a shift to digital content, substantial receivables, and constant fixed overheads, leading to current liabilities exceeding current assets by 4.70 times as of 31.03.2025.
…The Board of Directors of the Corporate…
The Adjudicating Authority, vide order in CP…