+
NCLT Approves Rs.184 Crore Resolution Plan for Satra Properties
Real Estate

NCLT Approves Rs.184 Crore Resolution Plan for Satra Properties

The National Company Law Tribunal (NCLT) has approved a Rs.184 crore resolution plan for Satra Properties, marking a significant step in the company's financial restructuring process. This decision comes as part of Satra Properties' efforts to address its financial challenges and ensure continued operations.

Under the approved plan, creditors will receive a structured settlement, which aims to recover a substantial portion of the dues owed to them. The resolution plan is designed to stabilize the company's financial situation and pave the way for its future growth and development.

Satra Properties, a prominent player in the real estate sector, has faced financial difficulties that led to the need for a comprehensive resolution strategy. The NCLT's approval is expected to provide the company with the necessary resources to manage its liabilities and focus on its core business operations.

The resolution plan includes provisions for debt restructuring and operational improvements, which are anticipated to enhance the company's efficiency and profitability. By addressing its financial issues, Satra Properties aims to strengthen its position in the market and continue its contributions to the real estate industry.

This development is a crucial step for Satra Properties as it navigates through its financial challenges, and it reflects the ongoing efforts within the industry to resolve financial distress and support sustainable growth.

The National Company Law Tribunal (NCLT) has approved a Rs.184 crore resolution plan for Satra Properties, marking a significant step in the company's financial restructuring process. This decision comes as part of Satra Properties' efforts to address its financial challenges and ensure continued operations. Under the approved plan, creditors will receive a structured settlement, which aims to recover a substantial portion of the dues owed to them. The resolution plan is designed to stabilize the company's financial situation and pave the way for its future growth and development. Satra Properties, a prominent player in the real estate sector, has faced financial difficulties that led to the need for a comprehensive resolution strategy. The NCLT's approval is expected to provide the company with the necessary resources to manage its liabilities and focus on its core business operations. The resolution plan includes provisions for debt restructuring and operational improvements, which are anticipated to enhance the company's efficiency and profitability. By addressing its financial issues, Satra Properties aims to strengthen its position in the market and continue its contributions to the real estate industry. This development is a crucial step for Satra Properties as it navigates through its financial challenges, and it reflects the ongoing efforts within the industry to resolve financial distress and support sustainable growth.

Next Story
Infrastructure Energy

L&T to Build India’s Largest Green Hydrogen Plant for IOCL

The plant will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for a period of 25 years. It will operate entirely on renewable energy, aligning with IOCL’s decarbonisation goals and India’s broader net-zero ambitions.Green hydrogen at the plant will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This initiative further showcases L&T’s commitment to localised, self-reliant clean-tech solutions under the Aatmanirbhar Bharat mission.LTEG’s..

Next Story
Infrastructure Urban

Bansal Wire Q1 Profit Rises 24.6% to Rs 393 Mn

Bansal Wire Industries, India’s largest stainless steel wire manufacturer and second-largest steel wire maker by volume, reported a 24.6 per cent year-on-year rise in net profit to Rs 393 million for the quarter ended June 30, 2025 (Q1 FY26).During the quarter, revenue rose 14.9 per cent YoY to Rs 9,390 million, while EBITDA increased by 19.6 per cent YoY to Rs 745 million, reflecting the company's strong operational performance and focus on value-added segments.According to Pranav Bansal, MD & CEO of Bansal Wire Industries, the company has started FY26 on a strong note, building on the ..

Next Story
Infrastructure Urban

Lemon Tree Opens Keys Lite Hotel in Banswara, Rajasthan

Lemon Tree Hotels has launched its latest property, Keys Lite by Lemon Tree Hotels, Banswara, further expanding its footprint in Rajasthan. This marks the group’s 11th operational hotel in the state and continues its focus on providing quality stays in emerging travel destinations.The newly launched managed hotel features 54 well-appointed rooms, a multi-cuisine restaurant – Keys Café, a fitness centre, and spacious banquet and conference facilities, catering to both leisure and business travellers.Located in southern Rajasthan, Banswara is known as the “City of Hundred Islands” for t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?