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The Economic Times

Economy / The Economic Times

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Canara Bank invites bids to sell 577-cr Supreme Housing loan

Canara Bank is selling 577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a petition to restart insolvency proceedings. This follows a failed one-time settlement offer by the company. The auction aims to gauge investor interest. Bids are due February 21. An electronic auction is scheduled for March 13.

12 Feb 2026 12:31 am