New Delhi, April 3 -- A Supreme Court-appointed Empowered Committee (EC) has swung into action to rescue the long-stalled Supernova Project in Noida, initiating a series of measures including a forensic audit, homebuyer verification drives and plans to appoint a new developer for the iconic mixed-use development.

The Empowered Committee, constituted pursuant to a Supreme Court order dated December 16, 2025, became operational in the last week of December 2025 and has since assumed charge of the affairs of Supertech Realtors Pvt. Ltd., the corporate debtor. The Supernova Project includes the landmark Spira Tower, envisioned as one of the tallest buildings in the country.

The panel is headed by Justice MM Kumar, former Chief Justice of th...