Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management of the company is pleased to inform the stakeholders that, in furtherance ....
SUPREMEINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The NCLT Mumbai Bench has granted a 30-day extension to Supreme Infrastructure India Ltd for making the balance payment under an approved debt resolution scheme. The company states the delay was due to circumstances beyond its control and not due to any default on its part. Approximately 80% of lenders have already been settled, and over 80% of the agreed payment has been made to the remaining lender. This extension is expected to facilitate successful implementation of the scheme and support continuity of business operations.
The extension provides additional time for completing the debt resolution process, which is a positive development for stakeholders as it indicates the scheme is progressing toward completion rather than failing.