Supreme Infrastructure Nears Rs.2,200-Crore Debt Resolution; NCLT Sets October 31 Deadline, Akshat Khetan-Led AU Corporate Advisory Plays Key Role
Mumbai, Oct. 29 -- Supreme Infrastructure India Limited (SIIL) has reached a decisive stage in its efforts to resolve Rs.2,200.36 crore in legacy principal debt owed to 14 financial creditors, following a significant order passed by the National Company Law Tribunal (NCLT), Mumbai Bench, Court-IV, on October 28, 2026.
The development marks an important milestone in the company's financial restructuring journey, undertaken through a court-sanctioned Scheme of Compromise and Arrangement under Sections 230 and 231 of the Companies Act, 2013, rather than the conventional insolvency resolution mechanism.
The Tribunal's order followed the filing of mutually agreed minutes on October 26, 2026, between Supreme Infrastructure and its three remai...
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