NCLT Approves Acquisition of Big 92.7 FM by Sapphire Media [Read Order]

The NCLT order also directed the monitoring committee to supervise the implementation of the resolution plan and file the status of its implementation before it from time to time

By Yogitha S. Yogesh - On May 17, 2024 9:12 am - 2 mins read

NCLT - Acquisition - Big 92.7 FM - Sapphire Media [- taxscan

The Mumbai bench of the National Company Law Tribunal ( NCLT ) has approved the resolution plan of Sapphire Media for Reliance Broadcast Network’s FM radio business, Big 92.7 FM. Big FM, owned by Reliance Broadcast Network, has been going through the insolvency process since February 2023. The Corporate Insolvency Resolution Process ( CIRP )…

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