SHH promoters deposit ₹200 crore to settle ₹648 crore dues

Supreme Housing promoters deposited ₹200 crore for a ₹518 crore debt settlement. Canara Bank expects about ₹475 crore from this one-time settlement. The company faces insolvency proceedings and needs lender board approvals for the deal. Supreme Housing has until July 28 to deposit the full settlement amount. Kalyan Group is likely investing in Supreme Housing to aid debt resolution.

Raccontata daeconomictimes.indiatimes.com