Supreme Infrastructure nears ₹2,200-crore debt resolution
pre-market1 source ↓machine-written, see hownot a recommendation
- owed to 14
- ₹2,200.36 cr legacy debt
Supreme Infrastructure India Limited reached a decisive stage in resolving ₹2,200.36 cr legacy debt owed to 14 financial creditors after the National Company Law Tribunal’s Mumbai Bench, Court-IV, passed an order on 28 Oct 2026. The tribunal set 31 Oct 2026 as the deadline for completing the remaining payment obligations under a court-sanctioned Scheme of Compromise and Arrangement.
The restructuring is being pursued under Sections 230 and 231 of the Companies Act, 2013, rather than through the conventional insolvency resolution process. The NCLT order followed mutually agreed minutes filed on 26 Oct 2026 by the company and its three remaining lenders: State Bank of India, Punjab National Bank and Union Bank of India. The framework addresses the outstanding settlement obligations linked to the company’s legacy principal debt.
Key points:
• The debt resolution covers ₹2,200.36 cr owed to 14 financial creditors.
• The NCLT Mumbai Bench extended the completion deadline to 31 Oct 2026.
• State Bank of India, Punjab National Bank and Union Bank of India were identified as the three remaining lenders in the agreed framework.
• The process is proceeding through a Scheme of Compromise and Arrangement, not the standard insolvency resolution route.
For the infrastructure sector 🏗️, completion of the settlement would mark a formal step in reducing a long-standing stressed-debt overhang. For lenders and credit markets 💼, the order provides a tribunal-backed timetable for closing the remaining obligations, while the company’s financial position remains linked to the fulfilment of the settlement terms. The involvement of AU Corporate Advisory, led by Akshat Khetan, is part of the resolution framework described in the report.
The immediate event to watch is the 31 Oct 2026 deadline and any filing or tribunal update confirming whether the agreed payments were completed. Until that confirmation, the order establishes a timetable rather than a completed settlement. The development follows the filing of agreed minutes on 26 Oct 2026 and the NCLT’s order on 28 Oct 2026.
Source: The Tribune, 29 Oct 2026
Not investment advice. For informational purposes only.