NCLT Mumbai bench latest verdict

The National Company Law Tribunal (NCLT) has approved the ₹2,200 crore debt resolution plan for Supreme Infrastructure India, marking a significant development in the company’s financial restructuring. Under the approved plan, financial creditors will receive ₹464 crore in full settlement of their outstanding dues. The repayment will be facilitated through a combination of asset monetization and contributions from the company’s promoters and new investors. A key aspect of the plan involves raising ₹183.29 crore by selling assets owned by both the company and its promoters. This decision is expected to provide much-needed relief to creditors while allowing Supreme Infrastructure to regain financial stability. The approval of this resolution plan signifies a crucial step in the company’s efforts to overcome its financial distress and chart a path toward long-term sustainability.

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