Hello Karthik,
It should be supported, there are some restrictions , please check this link.
Restrictions for MPLS TE: Bundled Interface Support
•
Traffic engineering over Service Virtual Interfaces (SVIs) is not supported unless the SVI consists of a bundle of links that represent a single point-to-point interface.
•There must be a valid IP address configuration on the bundled interface and there must not be an IP address configuration on the member links.
•To ensure that the Fast Reroute feature functions correctly in MLP, enter the multilink min-links command (to specify the preferred minimum number of links) along with the mandatory keyword (to deactivate the MLP bundle if the minimum number of links is not present).
Also you may want to check if the software supports this feature. this was introduced in 12.2 (33) SRC
Let me know if this helps.
Manish.
