# In the matter of SAB EVENTS & GOVERNANCE NOW MEDIA LIMITED

> NCLT judgment dated 2025-11-12. Citation: TCN-2025-NCLT-01639. The case pertains to a Company Petition filed under Section 54(C) of the Insolvency and…

- **Court:** NCLT
- **Order date:** 12 Nov 2025
- **Citation:** TCN-2025-NCLT-01639
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/sab-events-amp-governance-now-media-limited-42583c66

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the Company Petition filed under Section 54(C) of the Insolvency and Bankruptcy Code, 2016, …

**Ratio:** The Bench found that the Corporate Applicant had produced all the required documents and

…

**Reasoning:** The application was complete in all

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**Interpretation:** The application deserved to be

…

**Application:** The Bench admitted the

…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Respondents:** SAB Events &…; SATURN…
- **Other parties:** Ravi Adh…; Kailasnath…; +2 more

## Timeline

- **2020-10-29 — Facility Ag…**: Corporate Applicant entered into Facility Agreement with Moviestar Production Services…
- **2025-06-09 — Demand N…**: Moviestar issued a Demand Notice…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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