Sathavahana Ispat has informed that the Company is presently undergoing the corporate insolvency resolution process ('CIRP') under the provisions of the Insolvency and Bankruptcy Code, 2016 ('Code') and the rules and regulations made thereunder, pursuant to the order dated July 28, 2021 (received on August 05, 2021) passed by the Hon'ble National Company Law Tribunal, Hyderabad Bench ('NCLT'). Thereafter, the Hon'ble NCLT has, vide its order dated September 08, 2021 (copy of the order made available on September 15, 2021) has appointed Bhuvan Madan as the Resolution Professional ('RP') of Sathavahana Ispat ('Corporate Debtor').
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1223.85 |
| Lloyds Metals&Energy | 1556.95 |
| Jai Balaji Inds | 68.62 |
| Steel Exchange India | 8.85 |
| Rajputana Stainless | 125.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: