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Lenders accept Supreme Housing's ₹522-crore settlement offer

Nov 4, 2026 •1 min read •1 views
Lenders accept Supreme Housing's ₹522-crore settlement offer

Canara Bank along with other lenders accepted a ₹522-crore one time settlement offer from Supreme Housing and Hospitality. This settlement will help the company resolve debts close to ₹700 crore, representing a 75% recovery for involved banks. The one-time settlement includes both fund and non-fund exposure from corporate guarantees given to subsidiary entities.

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