Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority & Others
Civil Appeal No. 1526 of 2023 | Supreme Court of India | May 5, 2026 | Justices Sanjay Kumar & Alok Aradhe
Introduction
In a judgment of considerable significance for real estate insolvency law, the Supreme Court of India has, in Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority, restored project-specific resolution plans that had been set aside by the National Company Law Appellate Tribunal (NCLAT). The Court applied the doctrine of lifting the corporate veil, held that a public authority’s persistent inaction disentitles it from levying penal charges, and reaffirmed that the Corporate Insolvency…