Noida: National Company Law Appellate Tribunal (NCLAT) has taken note of the slow progress in the construction of 16 stalled Supertech Limited projects and sought a status report from National Buildings Construction Corporation (NBCC), the project management consultant (PMC). It has also directed a court-appointed Apex Court Committee to file, within two weeks, the steps taken by it so far.The directive came during a hearing on Aug 25, where the counsel for homebuyers expressed concern over the deviation from the project implementation timeline by the court-appointed committee and NBCC.“A status report as to what steps have been taken qua (in the capacity of) the ongoing projects be filed by the Apex Court Committee within two weeks from today,” the appellate tribunal said. It also asked NBCC to explain what progress has been made in awarding contracts for construction in compliance with its May 6 order. In the order, NCLAT said NBCC would begin the process to award work before July 31, complete the award of contract within one month thereafter, and commence construction from Oct 1.In March 2021, Union Bank of India initiated insolvency proceedings against Supertech under Section 7 of the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT). On March 25, 2021, the NCLT admitted the petition after finding that the company had defaulted on a loan of Rs 432 crore taken for the Ecovillage II project.
On Dec 12, 2024, NCLAT approved NBCC as the implementing agency for 16 stalled Supertech projects, comprising 49,748 homes in Uttar Pradesh, Uttarakhand, Haryana and Karnataka. It also constituted the Apex Court Committee to supervise the construction, fund management and the distribution of receivables in coordination with project-wise subcommittees to protect homebuyers. On May 6, 2026, NCLAT formally appointed former Supreme Court judge Justice Krishna Murari as its chairperson.Six of these projects — Sports Village, Ecovillage 1, 2, 3, UP Country and Czar Suites — are in Greater Noida. Four projects — Ecociti, Romano, Capetown and North Eye — are in Noida. Of the rest, two each are in Gurgaon and Meerut and one each in Uttarakhand and Bengaluru. Together, the projects were launched between 2010 and 2012. Around 14,000 homebuyers are still waiting for their flats in these projects for almost two decades.“In the 21 months since NBCC took over construction, no work has been carried out on the ground,” Santosh Singh, a homebuyer in Romano, said.Earlier, Arun Sharma of Capetown in Sector 74 told TOI that the project has 5,038 flats spread across 39 towers, of which three were still incomplete. “The developer handed over 4,419 flats, while nearly 500 flats are yet to be delivered. Around 3,300 of the handed-over flats have been registered so far,” Sharma said.NEFOWA president Abhishek Kumar said despite nearly 21 months having passed since NBCC was entrusted with the responsibility, construction work has still not begun on the ground. “On the one hand, crores of rupees are being spent every month on members of the apex committee, support staff, consultants and others. This situation is extremely worrying,” he said.NBCC officials were unavailable for comment.
