Legal21 Aug 2026, 03:28 pm
Satiate Agri Ltd Faces Insolvency Proceedings
AI Summary
Satiate Agri Limited has been admitted into Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Indore Bench. The application was filed by Excellence Finance Private Limited, a financial creditor, for a debt of ₹6,27,09,615/-. MVK IPE LLP has been appointed as the Interim Resolution Professional (IRP) to oversee the process. This development signifies a critical financial distress for the company.
Key Highlights
- CIRP initiated against Satiate Agri Ltd by NCLT Indore.
- Financial creditor Excellence Finance Pvt Ltd filed the petition.
- Debt amount stands at ₹6,27,09,615/-.
- MVK IPE LLP appointed as Interim Resolution Professional.
Price Impact
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