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Supreme Court notice on NBCC plea to construct Supertech projects

The Supreme Court allowed NBCC to seek approval for completing Supertech's 17 stalled projects but left decisions to the NCLAT, set for a hearing on October 21.

A view of the Supreme Court (HT FILE PHOTO)
Updated on Oct 01, 2024 07:08 PM IST
ByAbraham Thomas

Supertech to object against NBCC’s takeover plan for 11 stalled projects

Supertech argues that with the help of interim funding or co-developers, they would be able to expedite the construction process

The delayed Supertech Supernova project in Sector 94, Noida. (Sunil Ghosh/HT Photo)
Updated on Sep 30, 2024 06:04 AM IST
By, Noida

NCLAT allows homebuyers to object to NBCC takeover of Supertech projects

All lenders, homebuyers, landowners, and banks are permitted to e-file the objections with a copy to interim resolution professional

The homebuyers have raised four points including no cost escalation against an apartment, forensic audit into accounts to establish fund diversion, complete removal of promoters and NBCC submitting a resolution plan to take over Supertech projects.    (Sunil Ghosh/HT Photo)
Updated on Sep 23, 2024 05:40 AM IST
By, Noida

NCLAT rejects state tax claim on Reliance Communications filed after insolvency

The NCLAT upheld the earlier NCLT Mumbai bench order which rejected the state tax department's second claim of ₹6.10 crore on Reliance Communications

Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims
Published on Sep 21, 2024 02:01 PM IST
PTI |

Supreme Court stays NCLAT order that set aside insolvency case against Byju’s

The Supreme Court bench led by Chief Justice of India DY Chandrachud asked BCCI to keep the settlement amount in a separate account till August 23.

Byju Raveendran, founder of edtech firm Byju’s.
Updated on Aug 14, 2024 01:12 PM IST
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