Mumbai, Nov 4:
Supreme Infrastructure India Limited has officially become debt-free after completing its Rs 2,200 crore one-time settlement (OTS) under a court-sanctioned Scheme of Compromise.
Executed within 24 hours of the NCLT Mumbai Bench’s October 28 order, the resolution beat the final October 31 deadline.
With final payouts made to State Bank of India, Punjab National Bank, and Union Bank of India, the company has secured full No Dues Certificates from all 14 financial creditors.
The management-led restructuring under Sections 230–232 of the Companies Act resolves all legacy liabilities, clearing the runway for the infrastructure firm to resume new project bidding and operational expansion.
Siddharth Jain, Chief Financial Officer, Supreme Infrastructure India Limited, said, “Implementing the Scheme within 24 hours of the Tribunal’s order and ahead of the final deadline marks a defining milestone for Supreme Infrastructure. This settlement reflects our commitment to supporting lender recovery and creating a stronger foundation for the Company’s revival. We believe that with promoter confidence and a commitment to execution, businesses facing significant financial challenges can rebuild their strength. Our focus now is on operational efficiency, disciplined project execution and sustainable growth.”