NCLT admits Supreme Engineering into Corporate Insolvency Resolution Process

Regulatory & Legal View source PDF Explain this filing

SUPREMEENG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹1.44

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+0.5% vs market

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.4+0.9+0.5

Next day

+2.8+0.5+2.3

+4.2+0.7+3.4

+6.3+0.0+6.2

+8.3-2.0+10.3

+10.4-0.1+10.5

+14.6+1.4+13.2

15d

+31.3-1.4+32.7

+47.9+1.3+46.6

+103.5+3.8+99.7

+200.0+2.9+197.1

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The National Company Law Tribunal (NCLT) has admitted Supreme Engineering Limited into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The company has submitted the NCLT order to the stock exchange. This triggers formal insolvency proceedings, and an insolvency professional is expected to be appointed to manage the company's affairs and attempt resolution of its debts.

Likely market impact

Strongly negative. Stock likely to see high volatility and possible trading restrictions. Shareholders may face significant value erosion.