MAM
Sab Events enters pre-packaged insolvency process
MUMBAI: Sab Events & Governance Now Media Limited, the publisher behind Governance Now magazine, has been pushed into a pre-packaged insolvency resolution process after the National Company Law Tribunal’s Mumbai bench ordered commencement of proceedings on 11 November.
The tribunal appointed Kedar Parshuram Mulye as resolution professional to oversee the process, according to a public announcement issued on Tuesday. The company, incorporated in March 2014, operates from Adhikari Chambers in Mumbai’s Andheri West.
Pre-packaged insolvency—a faster alternative to traditional corporate insolvency—allows distressed companies to negotiate a resolution plan with creditors before approaching the tribunal. The process typically takes 120 days, compared with the drawn-out timelines of conventional insolvency proceedings.
Mulye, whose registration expires in June 2026, will make a list of creditor claims available from 22 November on the Insolvency and Bankruptcy Board of India’s website and at the company’s registered office. Creditors can submit their claims and grievances to the resolution professional’s office in Goregaon East.
The company informed stock exchanges BSE and National Stock Exchange of the development, where its shares trade under the symbol SABEVENTS. The firm is registered with the Registrar of Companies in Mumbai with corporate identification number L22222MH2014PLC254848.
The move marks another chapter in India’s evolving insolvency landscape, where pre-packaged resolutions have gained traction as a tool for swifter corporate turnarounds. For SAB Events, the clock is now ticking to forge a viable path forward—or face liquidation.
Digital
India launches nationwide AI responsibility pledge drive
MeitY and Intel India aim for Guinness record ahead of AI Impact Summit
NATIONAL: India will roll out a nationwide digital campaign on 16–17 February to promote ethical, inclusive and responsible use of artificial intelligence, as the country builds momentum ahead of the India AI Impact Summit 2026.
The initiative, led by the Ministry of Electronics and Information Technology under the IndiaAI Mission, in collaboration with Intel India, will attempt to set a Guinness World Records title for the “most pledges received for an AI responsibility campaign in 24 hours”.
The digital pledge drive will go live at 8 am IST on 16 February, inviting citizens to commit to responsible AI practices through an interactive platform featuring scenario-based questions. Participants who complete the pledge will receive a digital honorary badge jointly issued by IndiaAI and Intel India, along with access to curated, government-led AI learning pathways.
The campaign has been designed for broad accessibility, requiring neither camera nor microphone permissions and imposing no eligibility criteria or assessment thresholds. Participation is open to students, educators, parents, government officials, public sector employees, industry professionals, startups and the wider public, with a particular focus on youth engagement.
Organisers said the initiative aims to deepen awareness around data privacy, accountability, misinformation and ethical deployment of AI technologies, reinforcing India’s push for a human-centric and trustworthy AI ecosystem.
The pledge campaign forms a central citizen-engagement pillar of the India AI Impact Summit 2026, scheduled from 16 to 20 February at Bharat Mandapam, New Delhi. The summit will be inaugurated by Narendra Modi and will bring together global leaders, policymakers, industry experts, researchers, startups, academia and civil society to discuss AI-led development under the themes of people, planet and progress.
