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SUPERTECH INSOLVENCY CASE
NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- SC restrains Supertech Realtors from creating third party rights in 'Supernova' projectThe Supreme Court has barred Supertech Realtors and its suspended director from creating third-party rights in the 'Supernova' project in N...
- Court-monitored resolution process needed for 'Supernova' project: Amicus to SCThe Supreme Court is considering a resolution for Supertech's Supernova project. This project faces insolvency proceedings. The court is lo...
- SC ropes in ex-IB chief Rajiv Jain to examine Supertech insolvency case amid fund diversion allegationsThe Supreme Court is seeking assistance from Rajiv Jain to investigate Supertech Realtors' insolvency, following allegations of fund siphon...
- NCLAT clears way for insolvency proceedings against Supertech Realtors, upholds NCLT orderThe NCLAT has upheld the insolvency proceedings against Supertech Realtors, developer of the Supernova project, after a plea by Bank of Mah...
- Supreme Court allows NCLAT to consider NBCC proposal for 17 stalled projects of Supertech LtdThe Supreme Court permits the National Company Law Appellate Tribunal (NCLAT) to assess NBCC's proposal to complete Supertech Ltd's 17 stal...
- NCLAT grants Supertech Township projects two weeks to submit settlement proposalThe Insolvency Appellate Tribunal NCLAT has given Supertech Township Projects two more weeks to circulate a settlement proposal to its lend...
- NBCC moves SC to complete stalled projects of realty major Supertech LtdThe state-owned NBCC has approached the Supreme Court to complete Supertech Limited's 17 stalled projects, affecting around 27,000 homebuye...
- NCLT orders insolvency proceedings against Supertech Township ProjectsNCLT initiated insolvency for Supertech Township Projects over a Rs 216.92 crore default. The Rs 1,500 crore Greater Noida project had Rs 3...
- NBCC eyes Supertech's troubled projects amid legal and financial turmoilNBCC has informed IRP and lender Union Bank of India that it is ready to take all the projects of Supertech, provided it is given complete ...
- Supernova insolvency case: NCLAT to wait for lenders' decision on settlement offer from Supertech RealtorsInsolvency appellate tribunal NCLAT on Wednesday said it will wait for the decision of lenders on a revised settlement offer by Supertech R...
- Noida extends rehab package offer for projects facing insolvency; Supertech, ATS, Logix Group among defaultersThe Uttar Pradesh government has extended the rehabilitation package for housing project developers facing insolvency proceedings by two we...
- Delhi court to consider taking cognisance of charge sheet against Supertech chairman on Sept 26The Supertech Group also defaulted on payments to banks and financial institutions, and currently around Rs 1,500 crore of such loans have ...
- Delhi court to consider taking cognisance of charge sheet against Supertech chairman R K Arora on Sept 25The NCLAT had also directed constitution of a Committee of Creditors for the Eco Village 2 project located in Greater Noida (West). The com...
- Delhi court to consider taking cognisance of charge sheet against Supertech chairman R K Arora on Sept 15The company has been plagued by crisis since 2022 when in August its nearly 100-metre-tall twin towers - Apex and Ceyane - located on Noida...
- Delhi court extends Supertech chairman R K Arora's judicial custody till August 7A Delhi court on Monday extended by two weeks the judicial custody of R K Arora, the chairman and promoter of real estate major Supertech G...
- SC refuses to interfere with NCLAT order allowing Supertech's promoters to complete projectsThe court was hearing two appeals filed by the Union Bank of India and Indiabulls Asset Reconstruction Company Ltd respectively, being the ...
- The Supertech Conundrum: twin towers coming down will not ensure flats for 25,000 waitingIndiabulls Housing Finance declared Supertech’s account as NPA back in 2018. In October 2021, Dinanath Dubhashi, the managing director and ...
- Supertech Insolvency Case: Lender asks to deposit Rs 75 cr as upfront payment for considering one-time settlementThe realty firm had offered to make an upfront payment of Rs 10 crore with 10 crore on acceptance of OTS, however, the public sector lender...
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