Supertech twin towers: SC defers hearing on plea seeking refund for homebuyers

The hearing on a plea seeking refund to homebuyers of the now-razed twin-towers of real estate firm Supertech in Noida deferred by three months by the Supreme Court on Thursday.

The submissions on efforts to satisfy the claim of the homebuyers who have not opted for alternative allotment, have been taken into cognisance of a bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana.

The hearings were deferred by the bench upon a request for three months' time to explore other options to satisfy the claims of the homebuyers.


Read more: NCLAT clears way for insolvency proceedings against Supertech Realtors, upholds NCLT order

A lawyer who represented a few homebuyers said that they are not getting the refund and the last payment was made way back in 2024.

The top court had earlier said that the homebuyers of the now-razed twin-towers will be refunded on a pro-rata basis from the amount deposited by the Interim Resolution Professional (IRP) and the real estate company is facing insolvency proceedings under the IBC.

Read more: SC asks NCLAT to take decision on 14 housing projects of debt-ridden Supertech

The twin-towers at Emerald Court Project in Sector 93A of Noida were pulled down using

The twin-towers at Emerald Court Project in Sector 93A of Noida were demolished using explosives on August 28, 2022.