Key Developments
Supreme Infrastructure India Limited has successfully implemented its court-sanctioned Scheme of Compromise under Sections 230-232 of the Companies Act, 2013. The company completed a one-time settlement of ₹2,200 crore with all financial creditors, addressing the entire legacy debt and resulting in the company becoming debt-free.
Implementation Timeline
The Scheme was implemented within 24 hours of the Company Court (NCLT Mumbai Bench) order dated October 28, 2026, and ahead of the October 31, 2026 deadline.
Financial Creditors Involved
The settlement involved the remaining financial creditors: State Bank of India (SBI), Punjab National Bank (PNB), and Union Bank of India (UBI). The company received full and final No Dues Certificates from these creditors, confirming closure of their settled claims under the Scheme.
Historical Context
The Scheme was originally sanctioned on March 28, 2025, providing a structured framework for resolving the Company's legacy obligations. Previously, 11 creditors had received their settlements and released their charges before this latest phase, with the balance 3 creditors now being fully paid.
Management Commentary
Siddharth Jain, Chief Financial Officer, stated that this settlement reflects the company's commitment to supporting lender recovery and creating a stronger foundation for revival. The focus will now be on operational efficiency, disciplined project execution, and sustainable growth.
Advisory Support
The resolution process involved financial and legal advisory support from AU Corporate Advisory & Legal Services, led by Founder Akshat Khetan, which advised on the restructuring framework, lender negotiations, and implementation strategy.
Governance Involvement
The successful implementation was supported by the guidance and contributions of the Company's Independent Directors, particularly Mr. Dakshendra B. Agrawal and Mr. Sushil Kumar Mishra.
Financial Impact and Accounting Treatment
The financial impact of the resolution and applicable accounting adjustments will be reflected in disclosures in accordance with regulatory requirements. The accounting of the scheme implementation will include reversal of interest as per applicable accounting standards.
Operational Impact
The settlement enhances the company's pre-qualification capacity to bid for new works. The company will focus on operational revamping, project selection, cost controls, and working-capital management.