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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?