New Delhi, Sep 1 (PTI) Crisis-hit realty firm Supertech Ltd, which is facing insolvency proceedings, has given possession of 6,121 apartments to its customers over the last three years across various housing projects, according to RK Arora, a former director of the debt-ridden firm.
These units have been delivered across 16 under-construction projects by the company’s ex-management, under the supervision of a resolution professional appointed by the National Company Law Tribunal (NCLT).
The NCLT, in its order dated March 25, 2022, had admitted Supertech Ltd to the Corporate Insolvency Resolution Process (CIRP). The promoter filed an appeal before the National Company Law Appellate Tribunal (NCLAT).
The appellate tribunal, in the…