NCLT allows withdrawal of insolvency process after settlement

NCLT admitted insolvencyCourt stay obtainedRegulatory & Legal View source PDF Explain this filing

SUPREMEENG · price

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

-1.7%Reaction day

₹2.41

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.8% vs market

On the reaction day the stock moved 1.8 pts less 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

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.7+0.2-1.8

Next day

-3.3+0.2-3.5

-1.7+0.4-2.0

+0.0+0.7-0.7

+1.7+0.1+1.5

+3.3+0.7+2.7

+7.1+1.2+5.9

15d

+23.7+0.7+22.9

+40.7-1.2+41.9

+100.4-1.1+101.5

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

NCLT Mumbai allowed withdrawal of CIRP against Supreme Engineering on August 6, 2026, under Section 12A of IBC. Bank of India had initiated insolvency proceedings on June 23, 2026, but the parties reached a settlement. The Committee of Creditors, including Bank of India (95.93%) and Thane Bharat Sahakari Bank (4.07%), approved the withdrawal with full majority. The company is now taken out of the insolvency process and control is handed back to the original management. Company says there is no material adverse impact.

Likely market impact

Positive for shareholders: company exits insolvency after settling with creditors, and original management regains control.