NCLT admits insolvency plea against Supreme Housing & Hospitality

This report covers key India-focused updates related to loans, EMI, interest rates and banking. NCLT admits insolvency plea against Supreme Housing & Hospitality The National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm faces dues exceeding Rs 567 crore. This follows multiple failed settlement attempts and prolonged litigation. Listen to this article in summarized format Canara Bank had first initiated insolvency proceedings against Supreme Housing in 2020.