Satiate Agri Limited is now undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order.

The company defaulted on a financial debt of 6.27 Crore to Excellence Finance Private Limited, which included two loan facilities totaling 6 Crore.

An Interim Resolution Professional (IRP), MVK IPE LLP, has been appointed to manage the company.

A moratorium has been declared, stopping new legal actions and preventing asset transfers or enforcement of security interests.

This is a critical development for shareholders, indicating severe financial distress and a loss of management control.