Corporate Insolvency Resolution Process

E=REF±f= clN NO. La9999MHi 987pLc043205 =mi=drmE Engjne¢ring FonmtryKrmesslipemeNerfealife-Put.Itd July 01,2026 The Manager, Listing Department National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai -400 051 Symbol: SUPREMEENG Sub: Intimation of admission of corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 -Submission of Order passed by the Hon'ble NCLT Dear Sir/ Madam, Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Hon'ble National Company Law Tribunal OvCLT), Mumbai , vide its order dated June 23, 2026 has admitted the application filed under the provisions of the Insolvency and Bankruptcy Code, 2016 against Supreme Engineering Limited and has commenced the Corporate Insolvency Resolution Process (CIRP). In this regard, please find enclosed the following documents for your information and records: I. Certified/True copy of the Order passed by the Hon'ble NCLT dated June 23,2026 2. Public Announcement (Fom A) issued by the Interim Resolution Professional. Kindly take the above information on record. Thanking you, Rag. Offlco: R-223, M.I.D.C. Complex Rabale, Thane BelapurF3oad, Navi Mumbai 400701. -Tel. : 022-27692232 / 27691997, Fax. 022 27690341 E.mail: cs@supremesteels com Website: www`supremesteels.com NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT VI Item No. P1&P2 IA(I.B.C)/ 5513(MB)2025 C.P. (IB)/ 660(MB)2025 C.P. (IB)/660(MB)2025 CORAM: SHRI SAMEER KAKAR SHRI NILESH SHARMA HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) ORDER SHEET OF HEARING (HYBRID) DATED 23.06.2026 NAME OF THE PARTIES: Bank of India Supreme Engineering Limited Under Section 7 of the IBC ORDER The case is fixed for pronouncement of the order. The order is pronounced in the open court, vide separate order. Detailed order is being uploaded on the NCLT portal today. Sd/- Sd/- NILESH SHARMA SAMEER KAKAR MEMBER (JUDICIAL) MEMBER (TECHNICAL) //Sumant// IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI C.P. (IB)/660/MB/2025 [Under Section 7 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016] BANK OF INDIA [CIN: U99999MH1906PLC000243] Star House , C-5,G-Block, Bandra Kurla Complex, Bandra (E) Mumbai – 400051. …Financial Creditor SUPREME ENGINEERING LIMITED. [CIN.: L99999MH1987PLC043205] R-223 MIDC Complex, Thane, Belapur Road, Rabale, Navi Mumbai, Maharashtra, India-400701. ...Corporate Debtor IA (I.B.C) 5513/MB/2025 CP (IB) No. 660/MB/2025 [Under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 r/w Rule 11 of the National Company Law Tribunal Rules, 2016] SUPREME ENGINEERING LIMITED. …Applicant/CD BANK OF INDIA … Respondent/FC IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI Pronounced: 23.06.2026 CORAM: HON’BLE SHRI NILESH SHARMA, MEMBER (JUDICIAL) HON’BLE SHRI SAMEER KAKAR, MEMBER (TECHNICAL) Appearances: Hybrid For FC: Sr.Adv.Mustafa Doctor a/w Adv Apurva Sanglikar i/b Vidhii Partners For CD: Adv.Mr. Shyam Kapadia, Adv Ms. Soumya a/w T.N. Tripathi ORDER [PER: CORAM] 1. BACKGROUND 1.1 This C.P. (IB) No. 660 of 2025 (Application) was filed on 10.07.2025 by Bank of India, the Financial Creditor (FC) having CIN No.: U99999MH1906PLC000243, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Supreme Engineering Limited, the Corporate Debtor (CD), having CIN No.: L99999MH1987PLC043205. 1.2 This Application has been affirmed by one Mr. Revin Kurien, Chief Manager, Bank of India. 1.3 As per Part IV of the Application, the amount claimed to be in default is Rs. 117,50,63,582.23/- (Rupees One Hundred Seventeen Crore Fifty Lakhs 2 | P age CP(IB)/660/MB/2025 and IA 5513 of 2025 Bank Of India Vs Supreme Engineering Limited IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI Sixty-Three Thousand Five Hundred and Eighty-Two and Twenty-Three Paise only) as on 02.03.2025. 1.4 The date of default is stated as 20.05.2021(Amended vide order dated 16.07.2025) 1.5 The Applicant has proposed S. Gopalakrishnan, having Registration No. IBBI/IPA-002/IP-N00151/2017-2018/10398, to act as the Interim Resolution Professional (IRP) in case the Application is admitted. 1.6 Part V of the of the Application mentions the Securities held by the Applicant, which are as stated hereunder a. Hypothecation of stocks & book debts of the company both present and future (1st pari passu charge with Thane Bharat Sahakari Bank Ltd.) b. TDR of amount Rs.17,53,641/- as margin against BG amount exclusively charged to BOI. c. Hypothecation of Plant and Machinary at Khopoli Unit (1st pari passu charge with Thane Bharat Sahakari Bank Ltd.) d. Hypothecation of Plant and Machinary at Rabale Unit (1st pari passu charge with Thane Bharat Sahakari Bank Ltd.) e. All that piece or parcel of land bearing Plot No. R-222 (area 2363 sq. mtrs) & R-223 (area 1380 sq. mtrs), along with all factory buildings/structures, sheds, warehouses and Plant and machinery standing or to be installed thereon in future, situated within the village limits of Rabale Thane Trans Creek (TTC) Industrial Area, MIDC, Taluka and District Thane (1 pari passu charge with Thane Bharat Sahakari Bank Ltd.) 3 | P age CP(IB)/660/MB/2025 and IA 5513 of 2025 Bank Of India Vs Supreme Engineering Limited IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI f. Row House No.9, Ground Floor, along with parking space No. A-18 in Divya Swapna Co- operative Housing Society Ltd., Survey No. 11(Part), C.T.S. No. 164, 164/10, Village Wadhavali and Survey No. 78 (Part), C.TY.S. No. 788, Village Borla Dr. C.P. Gidwani Road, Chembur, Mumbai-400074 (Exclusive charge with Bank of India). g. All that piece or parcel of Non-agricultural land bearing (l) Survey No. l7- A (part), Hissa No. 2 and CTS No. 2951, admeasuring 1530 sq. mtrs and (2) Survey No. 2A and Survey No. 28 and CTS No. 2953 admeasuring22,8ll.2 sq.mtrs, both totally admeasuring 24,341.2 sq. mtrs, along with building/structures/godowns/ and other construction thereon together with the plant and machinery installed / embedded thereon, situated within the limits of Village Vihari, Khopoli Municipal Council, Taluka Khalapur, Municipal Council, Taluka Khalapur, District - Raigad (1st pari passu charge with Thane Bharat Sahakari Bank Ltd.) 2. CONTENTIONS OF APPLICANT (FC) 2.1 The Applicant states that Corporate Debtor was sanctioned certain credit facilities by the Financial Creditor Bank. The said facilities were amended and renewed from time to time. 2.2 It is stated that following facilities aggregating to a sum of Rs. 98,17,00,000 were availed by the Corporate Debtor. The Facilities availed are mentioned below-; 4 | P age CP(IB)/660/MB/2025 and IA 5513 of 2025 Bank Of India Vs Supreme Engineering Limited IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI 2.3 Owing to non-payment towards the credit facilities availed from the Financial Creditor, account of the Corporate Debtor was classified as NPA on 19.08.2021. 2.4 Further the Applicant has also filed an Original Application bearing No. 848 of 2024 before the Ld. Debt Recovery Tribunal, Mumbai -III for a claim of Rs. 106,55,64,683.91/- (Rupees One Hundred and Six Crores Fifty-Five Lacs Sixty-Four Thousand Six Hundred and Eighty-Three and Ninety-One Paise Only). The said Original Application is pending before the Ld. Debt Recovery Tribunal, Mumbai -III and the Financial Creditor craves the leave to refer to and rely upon the records and proceedings thereto, if required by this Ld. Tribunal. 2.5 It is further stated that the Corporate Debtor vide letter dated 03.02.2025 offered a One Time Settlement for an amount of Rs. 42.00 Crores thereby duly acknowledging the outs [Showing first 8,000 characters — download PDF for full document]