Bankruptcy-bound Supertech gives possession of 6k flats in last 3 years; 15k buyers still stuck

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…

Supertech Delivers Over 6,000 Flats Amidst Insolvency Crisis; 15,000 Buyers Still Waiting, ETRealty

NEW DELHI: 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…

HMRC chasing £90m in unpaid taxes after staffing firm Challenge rescued from insolvency

HM Revenue & Customs is seeking to recover about £90 million in unpaid taxes from temporary staffing business Challenge Recruitment Group, after the company was rescued from insolvency in an £18 million pre-pack administration deal. The US workforce platform swipejobs acquired Challenge’s core assets in July, taking over contracts with major UK clients including Tesco,…