SC asks NCLAT to decide on projects of indebted Supertech
India, April 22 -- The Supreme Court on Monday asked the NCLAT to take an expeditious decision on the amalgamation of the remaining 14 housing projects of debt-ridden realty firm Super tech under a court-monitored framework to ensure completion and end the woes of home buyers.
Earlier, the top court, on February 5, upheld an NCLAT (National Company Law Appellate Tribunal) order asking the State-owned NBCC to complete 16 housing projects, out of a total 30, of Super tech Limited. The NCLAT is likely to take up the matter on April 24.
A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the apprehension of home buyers over uncertainty on the completion of the stalled projects, which are still in limbo and b...
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