Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 22, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1791 of 2026 filed by SAB Events & Governance Now Media Ltd. (Appellant) against Efficax Resolution Professions Pvt. Ltd. & Others (Respondents). During the hearing, the tribunal determined that certain documents not previously filed were relevant for adjudicating the dispute. The tribunal specifically identified the need for copies of other contracts entered by the appellant with other parties for publication of advertisements in both physical magazines and e-magazines, as well as the rate list used for invoicing these advertisement publications.
Final Outcome
The NCLAT directed the appellant to bring on record the specified contracts and rate lists. The tribunal also issued formal notice to all respondents and instructed that steps along with process fee and requisites be completed within two working days, including service of notice by hand (dasti). The appeal has been listed for next hearing on October 12, 2026. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Ajai Das Mehrotra (Member-Technical).
Topics: NCLAT Proceeding, Insolvency Appeal, Advertising Contracts