NOIDA, Sept. 28 -- A Supreme Court-appointed committee has informed the National Company Law Appellate Tribunal (NCLAT) that construction work on 16 stalled Supertech projects will commence from January 16, 2027, with tenders for the work to be issued in phases from October 1 to 15 this year. National Buildings Construction Corporation (NBCC), the project management consultant (PMC), and the Apex Court Committee (ACC) are working on an implementation schedule to meet revised construction commencement date, the committee said in an affidavit filed before NCLAT and accessed by HT. NBCC officials did not respond to HT's calls seeking comment. On August 25, NCLAT had sought a status report from NBCC and directed the ACC to file a report detailing the steps taken so far. In its September 24 affidavit, the committee said NBCC was finalising tender documents for the 16 projects and proposed to issue 27 or more separate sub-tender packages. NBCC has already floated a tender for the Supertech River Crest project in Rudrapur on September 16, according to NBCC officials who requested anonymity. To be sure, the panel stressed that funding remained a key challenge in reviving the stalled projects. The committee said it would continue to pursue interim finance while simultaneously mobilising resources through alternative funding mechanisms, including funding from public sector banks and financial institutions. The committee said it has received financing proposals from two investment and capital firms, but said these were not found viable because of the interest rates offered. It consequently approached public sector banks for funding on more viable terms. The banks sought a techno-economic viability (TEV) report on the 16 projects as a preliminary requirement for assessing the proposed funding. The committee has commissioned the report, which is likely to be completed by December 15, 2026. The 16 projects are located in Uttar Pradesh, Uttarakhand and Bengaluru, including four Noida projects - Capetown, Romano, Eco-citi and Northeye - and five in Greater Noida - Eco-Village 1, 2 and 3, Sports Village and Czar Suites. Other projects are along the Yamuna Expressway and in Gurugram, Meerut, Rudrapur, Bengaluru and Dehradun....