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SC Asks NCLAT to Take Decision on 14 Housing Projects of Debt-Ridden Supertech

  • by- Zaid
  • Apr 21, 2026
The Supreme Court has instructed the NCLAT to take an expeditious decision on the amalgamation of the remaining 14 housing projects of debt-ridden realty firm Supertech under a court-monitored framework to ensure completion and end the woes of homebuyers.
SC Asks NCLAT to Take Decision on 14 Housing Projects of Debt-Ridden Supertech

New Delhi, April 21: Earlier, the top court on February 5 upheld an NCLAT order asking NBCC to complete 16 housing projects out of a total 30 of Supertech Limited. The NCLAT is likely to take up the matter on April 24.

Background

A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of homebuyers' apprehension over uncertainty on the completion of stalled projects, which are still in limbo unlike 16 other projects handed over to NBCC.

The judicial order was necessitated by the fact that the insolvency resolution professional of Supertech Ltd has been suspended due to alleged misconduct.

What the Court Has Asked

The bench has asked the NCLAT to take a decision on the remaining 14 projects as to whether they can also be handed over to another agency for completion under the court-monitoring framework.

Previous SC Order (February 5)

  • Upheld NCLAT order asking NBCC to complete 16 projects

  • Restrained all tribunals and high courts from passing any order that could stall construction work by NBCC

  • Exercised extraordinary power under Article 142 to uphold NCLAT's December 12, 2024 order

NCLAT Order (December 12, 2024)

  • NBCC to complete 16 housing projects (49,748 homes) across Uttar Pradesh, Uttarakhand, Haryana and Karnataka

  • Approximately 27,000 homebuyers await houses in these projects

  • Construction work to start from May 1, 2025

  • Constitution of an apex court committee and project-wise court committees

Supertech Background

  • Supertech had booked around 51,000 houses for delivery during 2010-12

  • Insolvency proceedings began in 2021 after Union Bank of India initiated proceedings under section 7 of IBC

NBCC's Proposed Phases

Phase 1: Eco-Village-2 (Greater Noida), Romano (Noida), Capetown (Noida), Czar Suites (Greater Noida), Eco-village-3 (Greater Noida), Sports Village (Greater Noida), Eco-citi (Noida)

Phase 2: Northeye (Noida), Upcountry (Yamuna Expressway), Eco-village-1 (Greater Noida), Meerut Sports City (Meerut), Green Village (Meerut)

Phase 3: Hilltown (Gurugram), Aravile (Gurugram), Rivercrest (Rudrapur), Doon Square (Dehradun), Micasa (Bengaluru)