The Supreme Court has appointed a three-member committee to oversee the Corporate Insolvency Resolution Process (CIRP) of realty major M/s Supertech Realtors Pvt Ltd, which is caught in a series of litigations by homebuyers and others over its ambitious mixed-use Supernova project in Sector 94, Noida.
The committee, headed by former Chief Justice of Jammu and Kashmir High Court Justice M M Kumar, also comprises former National Buildings Construction Corporation (NBCC) Chairman-cum-Managing Director Anoop Kumar Mittal, and financial management expert Rajeev Mehrotra.
A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi said in its December 16 order that it is setting up the committee in exercise of its powers under Article 142…