NCLT Admits Canara Bank Insolvency Petition Against Supreme Housing

NCLT Mumbai admits Canara Bank's Section 7 IBC petition against Supreme Housing for a default of ₹567.43 crore.
Tribunal rejects Corporate Debtor's moratorium defense under Section 96 due to parallel personal guarantor proceedings.
Corporate Debtor's history includes multiple OTS breaches, prior CIRP admission by ICICI Bank, and wilful defaulter classification.
KDRA Insolvency Professionals appointed as IRP with moratorium declared under Section 14 effective immediately.