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Satra Properties (India) informs about disclosure

05 Mar 2022 Evaluate

Satra Properties (India) has informed that the Company is undergoing CIRP vide Hon’ble NCLT Mumbai Bench order dated August 3,2020, Devarajan Raman, Resolution Professional is now in control of the Company. Pursuant to the said order and in consonance with the stipulation contained in Section 17 of the IBC, 2016, the powers of the Board of Directors of the Company stand suspended and the same are vested and exercised by Devarajan Raman, Resolution Professional. The Resolution Professional has considered and adopted the audited Standalone Financial Results for the year ended March 31, 2021 along with the audited report thereon.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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