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The Economic Times

Economy / The Economic Times

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Lenders accept Supreme Housing's Rs 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.

4 Nov 2026 1:31 am