Supreme Housing Faces Insolvency as NCLT Admits Canara Bank’s Rs 567 Cr Claim
The National Company Law Tribunal (NCLT) has formally admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality Private Limited. The claim totals Rs 567.43 crore, including Rs 175.83 crore in principal and Rs 391.60 crore in interest as of October 31, 2025. This stems from a defaulted lease rental discounting term loan first approved in 2014. The admission follows a history of repeated defaults and failed settlement attempts.
A Cycle of Failed Settlements
The NCLT’s Mumbai bench, in an order dated May 13, 2026, officially launched the Corporate Insolvency Resolution Process (CIRP) for Supreme Housing. This step was taken after the company…