Dear Sir/Madam, Pursuant to an Order dated 28 July, 2021 of the National Company Law Tribunal, Hyderabad Bench, Corporate Insolvency Resolution Process ('CIRP') has been initiated for Sathavahana Ispat Limited ('Company' or 'Corporate Debtor') as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said Order has been received by the corporate debtor on 09 August, 2021 and enclosed as Annexure A. The undersigned has been appointed as the Interim Resolution Professional ('IRP') for the Company, vide order dated 28 July, 2021. Upon initiation of CIRP, the powers of the Board of Directors of the Company has been suspended and shall be exercised by the Interim Resolution Professional.