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NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake
Business
Published on 14 May 2026
Settlement talks failed repeatedly before this NCLT move
The National Company Law Tribunal has admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality. The real estate firm is reportedly in default of more than Rs 567 crore. The case comes after multiple settlement attempts failed and years of litigation left the dispute unresolved, paving the way for insolvency proceedings.
- NCLT admits Canara Bank’s insolvency plea against Supreme Housing
- Reported dues exceed Rs 567 crore
- Failed settlement efforts and long litigation preceded the admission
- Next steps could move the company deeper into insolvency process
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times