Supreme Housing faces a June deadline to settle ₹460 crore with Canara Bank as the NCLAT provides a final opportunity to avoid a formal insolvency process.

Supreme Housing and Hospitality must deposit ₹460 crore by June 13 to avoid insolvency. This critical ruling reveals a final opportunity for debt settlement.

NCLAT quashes Embassy Development insolvency case over a ₹202 crore claim, citing Section 10A protections for defaults during the pandemic-era lockdown period.

As lenders grapple to recover their investments from the debt-stricken retailer, the focus has shifted to the potential recovery through the asset held by Bansi Mall Management Co Pvt Ltd (BMMCPL), a subsidiary under the umbrella of the Future Group.