The case pertains to a Company Petition filed under Section 54(C) of the Insolvency and Bankruptcy Code, 2016, for initiating the Pre-Packed Insolvency Resolution Process (PPIRP) in respect of SAB Events & Governance Now Media Limited.
SAB Events & Governance Now Media Limited filed a Company Petition under Section 54(C) of the Insolvency and Bankruptcy Code, 2016, for initiating PPIRP.
The Corporate Applicant entered into a Facility Agreement with Moviestar Production Services Pvt. Ltd. on 29.10.2020 for Rs. 10,00,00,000/-.
The Corporate Applicant defaulted on payments, leading to a demand notice from Moviestar on 09.06.2025 and a Legal Notice on 07.07.2025 for Rs. 4,53,47,238/-.
The Board of Directors of the Corporate Applicant approved the initiation of PPIRP on 08.10.2025.
Mr. Kedar Parshuram Mulye was appointed as the Resolution Professional under Section 54(2)(e) of the Code.
The NCLT admitted the Company Petition under Section 54C of the Code and declared a moratorium under Section 14.
Sign in to view the parties.
Corporate Applicant entered into Facility…
Moviestar issued a…
The case pertains to a Company Petition filed under Section 54(C) of the Insolvency and Bankruptcy Code, 2016, for initiating the Pre-Packed Insolvency Resolution Process (PPIRP) in respect of SAB Events & Governance Now Media Limited.
SAB Events & Governance Now Media Limited filed a Company Petition under Section 54(C) of the Insolvency and Bankruptcy Code, 2016, for initiating PPIRP.
The Corporate Applicant entered into a Facility Agreement with Moviestar Production Services Pvt. Ltd. on 29.10.2020 for Rs. 10,00,00,000/-.
The Corporate Applicant defaulted on payments, leading to a demand notice from Moviestar on 09.06.2025 and a Legal Notice on 07.07.2025 for Rs. 4,53,47,238/-.
The Board of Directors of the Corporate Applicant approved the initiation of PPIRP on 08.10.2025.
Mr. Kedar Parshuram Mulye was appointed as the Resolution Professional under Section 54(2)(e) of the Code.
The NCLT admitted the Company Petition under Section 54C of the Code and declared a moratorium under Section 14.
Corporate Applicant entered into Facility…
Moviestar issued a…