02-Nov-2026 15:46:15
SUPREMEINF : COMPLETES RS 2,200 CR DEBT SETTLEMENT, CLEARS PATH FOR REVIVAL
• Implements court-sanctioned Scheme of Compromise within 24 hours of NCLT Mumbai order dated October 28, 2026, ahead of the October 31, 2026 deadline • One-time settlement of entire legacy debt implemented under Sections 230-232 of the Companies Act, 2013 • Final phase covered remaining financial creditors State Bank of India, PNB and Union Bank of India • Full and final No Dues Certificates received from respective creditors; 11 lenders had settled and released charges earlier, balance 3 now fully paid • Company becomes debt-free; focus shifts to operational revamping, project selection, cost controls and working-capital management • Scheme accounting to include reversal of interest as per applicable accounting standards, enhancing pre-qualification capacity to bid for new works
Supreme Infrastructure India Ltd
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