Supreme Infrastructure Secures NCLT Approval for Amalgamation Scheme

Supreme Infrastructure India Ltd has received approval from the National Company Law Tribunal (NCLT) for its scheme of amalgamation with creditors. This marks a significant step in the company’s efforts to resolve its financial challenges and streamline its operations.

Key Highlights:
- The scheme addresses financial liabilities amounting to ₹2,200 crore through structured repayments, asset monetization, and equity contributions.
- Financial creditors will receive a total settlement of ₹464 crore, with ₹183.29 crore coming from asset monetization and ₹147.23 crore raised through equity from existing or new investors.
- The plan also includes ₹133.48 crore allocated to creditors through the monetization of assets exclusively pledged to specific financial creditors.

This development underscores Supreme Infrastructure’s commitment to financial restructuring and operational stability, paving the way for a more sustainable future.

Sources: Economic Times, Business Standard, NCLT Official Announcements.