Supreme Engineering Limited Admitted to Corporate Insolvency Resolution Process
Supreme Engineering Limited has been admitted to Corporate Insolvency Resolution Process (CIRP) by NCLT Mumbai on June 23, 2026. Bank of India filed the application claiming ₹117.50 crore default. The company disputes the default date and claims it falls under Section 10-A of IBC.
CIRP admission has a substantial impact on the company's operations, stakeholders, and market standing.
The company's admission to CIRP is a significant negative event, indicating severe financial distress.
Supreme Engineering Limited has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The order, dated June 23, 2026, was passed following an application filed under the Insolvency and Bankruptcy Code, 2016. The application was filed by Bank of India, which claimed an amount of ₹117.50 crore as of March 2, 2025, with a stated default date of May 20, 2021. The NCLT's order initiates the CIRP against Supreme Engineering Limited, and a certified copy of the order along with a Public Announcement (Form A) issued by the Interim Resolution Professional have been submitted. The proceedings stem from alleged defaults in credit facilities sanctioned by Bank of India, which were classified as NPA on August 19, 2021. The Corporate Debtor has contested the petition, raising issues of limitation and disputing the date and existence of the default, arguing that the actual default occurred in December 2020, which would fall under the Section 10-A period of the IBC, 2016. The NCLT has appointed S. Gopalakrishnan as the Interim Resolution Professional.
What to do with a filing like this
Supreme Engineering Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Supreme Engineering Limited. Read the original for the full detail.