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.
Brands
Hyundai Venue crosses 1 lakh bookings, adds HX8 Diesel AT variant
New top-spec automatic diesel trim brings ventilated seats, OTA updates and paddle shifters.
MUMBAI: Hyundai Venue just hit the jackpot and upgraded the prize because when you cross 1 lakh bookings, you don’t just celebrate, you throw in paddle shifters and ventilated seats for the ride. Hyundai Motor India Limited (HMIL) announced that the all-new Hyundai Venue has achieved 1 lakh bookings, cementing its strong position in the compact SUV segment. To mark the milestone and further enhance customer choice, the company introduced the new HX8 Diesel Automatic (AT) variant.
The HX8 Diesel AT is powered by the proven U2 1.5L CRDi diesel engine paired with a 6-speed automatic transmission. It adds a host of premium comfort, safety and convenience features, including:
- Ventilated front seats
- Dual-tone leatherette seats with VENUE branding
- Electric 4-way driver seat adjust
- Controller Over-the-Air (OTA) updates
- Hyundai Bluelink connected car technology
- Electric parking brake with auto hold
- Rear disc brakes
- Ambient lighting on crash pad and central console
- Drive mode select (Eco, Normal, Sport)
- Traction control modes (Sand, Mud, Snow)
- Paddle shifters
HMIL, managing director & CEO Tarun Garg said, “We are delighted that the new Hyundai Venue has crossed 1 lakh bookings, reaffirming the strong trust Indian customers place in our brand. The introduction of the new HX8 Diesel Automatic variant further strengthens the Venue lineup, offering customers the perfect blend of diesel efficiency, torque-rich performance and effortless convenience.”
Backed by Hyundai’s extensive sales and service network, the Venue continues to appeal to buyers seeking a feature-rich, comfortable and future-ready compact SUV. The new variant reinforces HMIL’s focus on delivering advanced technology, safety, comfort and value while adapting to evolving customer preferences.
In a segment where bookings are the real horsepower, Hyundai isn’t just counting milestones, it’s handing drivers an automatic upgrade that makes every journey feel like the victory lap.
