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SUPERTECH BANKRUPTCY
Supertech projects: Homebuyers raise concerns over delay despite NBCC takeoverHomebuyers of stalled Supertech projects are concerned about construction delays. NBCC took over these projects nearly two years ago, but p...- NBCC moves Supreme Court over RERA rules for 16 Supertech projectsThe Supreme Court will hear NBCC's plea regarding RERA compliance for Supertech projects. NBCC seeks exemption from statutory provisions fo...
- SC says insolvency shield cannot protect real estate promoters from homebuyers' casesThe Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...
- Big win for thousands of Supertech homebuyers as SC upholds NCLAT orderThe Supreme Court has upheld an NCLAT order directing NBCC to expedite the completion of 16 Supertech housing projects, bringing relief to ...
- Ametek co Brickboss gets NCLT nod to buy Supertech ORB with ₹421-cr revival planThe bankruptcy court has approved Brickboss Infra's acquisition of Supertech ORB Project. The buyer has also proposed a revival plan worth ...
- SC mulls panel to oversee co-developer for Supertech Realtors projectsThe Supreme Court is considering forming a committee to oversee the bidding and selection of a co-developer for Supertech Realtors' stalled...
- 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...
- Supertech homebuyers staring at uncertain futureMore than 25,000 homebuyers face delays as the Supreme Court stays an order appointing state-owned NBCC to complete stalled Supertech proje...
- SC stays NCLAT order directing NBCC to take over Supertech projectsThe Supreme Court has stayed the National Company Law Appellate Tribunal's order requiring NBCC to complete 16 Supertech projects. The deci...
- 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...
- 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...
- 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 ...
- NCLT orders insolvency proceeding against Supernova project developer Supertech RealtorsNCLT orders insolvency proceedings against Supertech Realtors for defaulting Rs 168.04 crore to Bank of Maharashtra in the Supernova projec...
- NCLT admits insolvency plea against Supertech ORBSupertech ORB, a real estate company constructing luxury apartments in Delhi-NCR, has been admitted for bankruptcy resolution. This could l...
- 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...
- Supertech Insolvency: Lender asks better settlement plan, 'definite upfront payment' of duesThe bank on whose application the National Company Law Tribunal (NCLT) decided to initiate insolvency resolution proceedings against Supert...
- NCLAT stays formation of committee of creditors to overtake Supertech groupOn the appeal filed by R K Arora, chairman of Supertech Group, NCLAT has issued notice to parties. The IRP appointed by the NCLT will not f...
- Real estate developer Supertech declared insolvent by NCLTThe company which was under stress and was in the process of demolishing two illegal towers at its Noida project following the order of the...
- Supertech home buyers jittery after SC order on demolition of high-rise apartment complexOn August 31, the Supreme Court had ordered a demolition of the twin 40-storey towers of Supertech's Emerald Court project in Noida for vio...
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