
Legal29 Oct 2026, 08:01 pm
NCLT Grants Extension for Scheme of Compromise Implementation
AI Summary
Supreme Infrastructure India Ltd announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has granted an extension until October 31, 2026, for the implementation of its Scheme of Compromise. The NCLT's order dated October 28, 2026, disposes of the company's application related to the scheme. The order outlines the mechanism for fund appropriation and release through an escrow arrangement, ensuring completion of remaining obligations by all parties. The company is actively taking steps to comply with the NCLT's directives.
Key Highlights
- NCLT grants extension for Scheme of Compromise implementation.
- New deadline for implementation is October 31, 2026.
- Order details escrow mechanism for fund release.
- Company is proceeding with necessary compliance steps.
Price Impact
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