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Home/ Cases/ Chemicals & Plastics/ Satya Iron & Steels Private Limited
● Under CIRP

Satya Iron & Steels Private Limited

Corporate insolvency resolution — proceedings ongoing · source: IBBI public notice inviting Expression of Interest (EoI)

Business: manufacturer of lancing pipes with a rolling mill; plant at Heavy Industrial Area, Hathkhoj, Bhilai, Chhattisgarh; registered office in Raipur. MSME unit.

Sector Chemicals & Plastics Bench NCLT Cuttack Last process activity 9 months ago · claims re-verified · Form G EoI deadline

Claims — past the ninety-day period. The ninety days from admission that regulation 12 allows ended 15 months ago. A claim filed now must state its reasons for the delay, and it is for the resolution professional to accept or reject it. How claims are filed →

Case record

at a glance

Admitted by the Cuttack bench on its own application. Current status: Under CIRP.

In the insolvency process for
1 yr 5 mo
This case
NCLT Cuttack median · 1 yr 5 mo
All India median · 1 yr 3 mo
Medians: time from admission to a plan or a liquidation order, over closed cases (n = 46 / 4,616). Pre-packs left out.
The company
Private limited company in Chemicals & Plastics, registered in Chhattisgarh
Admitted claims
₹10–100 Cr
Where the process stands
Admitted→Public announcement→Claims collected→Expression of Interest invited→Resolution plan or liquidation
How cases like this ended
Chemicals & Plastics · 121 closed
Resolved 56% · Liquidation 37% · Withdrawn or closed 7%
NCLT Cuttack · 77 closed
Resolved 21% · Liquidation 42% · Withdrawn or closed 38%
Resolved cases in this sector: creditors' typical haircut 77.7% n=64
Liquidations in this sector: typical recovery 7.8% of claims n=32
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Admitted claims & creditor classesCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 1 tribunal orderProfessionalsIntelligence note
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