Supreme Infra: Lenders agree to 60-day extension for scheme completion

Supreme Infrastructure India Ltd (SIIL) has announced an update on its Scheme of Arrangement/Compromise with lenders under Section 230 of the Companies Act, 2013. Following the NCLT's order on May 11, 2026, SIIL demonstrated fund availability and urged lenders to operationalize the escrow mechanism. The remaining three lenders sought internal clarifications, leading to a meeting chaired by a Court-Appointed Commissioner. The Commissioner recommended additional time, and the lenders have agreed in principle to a 60-day extension for SIIL to complete its remaining obligations under the scheme. SIIL remains committed to the scheme's implementation.