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SUPERTECH FINANCIAL ISSUES
SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...- 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...
- 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 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...
- 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...
- Supertech EV IPO opens today: Check price band, issue size and other detailsSupertech EV, an electric two-wheeler and e-rickshaw manufacturer, has launched its Rs 29.90 crore SME IPO to capitalize on India's growing...
- SC orders CBI probe into Supertech & other builders over 'unholy' nexus between banks or financial institutions in undelivered NCR projectsThe Supreme Court has ordered a CBI probe into Supertech and other builders. This is regarding undelivered housing projects in Delhi-NCR. T...
- NCLAT directs Supertech’s IRP to release salary of employeesThe National Company Law Appellate Tribunal (NCLAT) has mandated Supertech's interim resolution professional to release December salaries t...
- 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 seeks Supreme Court nod to complete 17 stalled Supertech projects, offering hope to 27,000 homebuyersThe government-owned NBCC has sought the permission of the Supreme Court to develop and complete 17 projects that have been stalled or are ...
- 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...
- Delhi HC quashes lookout circulars against Supertech Realtors director issued by banks, upholds right to travelThe Delhi High Court has set aside lookout circulars (LoCs) issued against Supertech Realtors director Mohit Arora by the Bureau of Immigra...
- 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...
- Money laundering case: Delhi court takes cognisance of charge sheet against Supertech chairmanA Delhi court has taken cognizance of a charge sheet filed by the Enforcement Directorate against the chairman and promoter of real estate ...
- SC seeks views from government, RBI, others on Supertech buyers' plea to halt EMIsA Bench led by Justice V Ramasubramanian while issuing notice to parties asked banks and financial institutions not take any coercive steps...
- Settlement proposal with bank submitted in NCLAT, erstwhile management of Supertech to SCA bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha was told by senior advocate S Ganesh, appearing for erstwhile management, ...
- 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...
- In talk with bank to settle dispute over dues: Ex-management of Supertech to Supreme CourtThe realty firm had informed the top court that it will be filing an appeal against the order of the National Company Law Tribunal (NCLT) d...
- How Supertech triggered Round II of NBFC selloff? Is there more to it?Members also warned about the risks associated with the higher HRA and the passthrough impact on inflation.
- Supertech e-way project scrapped over forgeryAn architect familiar with the developments said the developer was able to avail 40% ground coverage instead of the original 25%.
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