Supertech Limited has been subject to various orders from the National Company Law Appellate Tribunal (NCLAT). These orders pertain to projects excluding Eco Village-II, with status update reports and applications available for review.
The National Company Law Appellate Tribunal (NCLAT) appointed NBCC (India) Ltd to take over and complete 16 delayed housing projects of Supertech Ltd, offering relief to over 42,000 homebuyers. The order specified that NBCC's role extends beyond project management to ensuring project completion. The affected projects are located in Noida, Greater Noida, Gurugram, and Bengaluru.
The Supreme Court invoked Article 142 of the Constitution to ensure the completion of the stalled Supernova real estate project in Noida, which is under Supertech Realtors Pvt Ltd, currently facing insolvency proceedings. The resolution process will be managed by a Court-appointed Committee that will also function as the Board of Directors. The court has directed the committee to appoint a new developer, while barring any developer related to Supertech from participating in the process.
The Supreme Court approved the revival of 16 stalled Supertech housing projects in Delhi-NCR and has handed over the completion of these projects to NBCC (India) Ltd. The decision aims to provide relief to over 50,000 homebuyers who have been waiting for their homes for over a decade. The court barred interference from other courts to prevent further delays and upheld the NCLAT's decision to allow construction to proceed under a new framework.
Insights based on nearby schools, healthcare, connectivity, workplaces and everyday infrastructure.
Beyond education and healthcare access, nearby parks and everyday conveniences can support a more comfortable family lifestyle.
Nearby employment hubs and connectivity infrastructure can support demand from working professionals, making the area relevant from a rental perspective.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (regulation & development) act 2016.
