The NCLAT has ordered a court-appointed committee to submit a status report within two weeks regarding 16 stalled Supertech Limited housing projects. The tribunal has also raised concerns over pending staff salaries. Investors should note that Supertech Limited, which is currently undergoing insolvency proceedings, is a private real estate firm and is not related to the BSE-listed Supertech EV Ltd.
The National Company Law Appellate Tribunal has issued a directive to the court-appointed committee overseeing the insolvency process of Supertech Limited. The tribunal has demanded a detailed status report within two weeks to explain why construction timelines for 16 specific housing projects have not been met. These projects are currently…