GENERAL20 Sept 2026
Supertech insolvency: NCLAT raises concern over delay in appointing IRP
The National Company Law Appellate Tribunal (NCLAT) has flagged delays at Supertech, where stalled housing projects are stuck in insolvency. It pulled up NBCC for missing work-resumption deadlines and told NCLT and IBBI to suggest names for an interim resolution professional within a week. That person will also head the Apex Court Committee. Homebuyers waiting for possession should track this closely.
Key Statutory Highlights
- NCLAT has directed NCLT and the Insolvency and Bankruptcy Board of India to suggest names for appointing an interim resolution professional within a week.
- NCLAT raised concerns over NBCC's delay in meeting deadlines set for resumption of work at Supertech Ltd's stalled housing projects.
- Once named, the interim resolution professional must head the Apex Court Committee overseeing the stalled Supertech projects and chair the Project-Wise Court Committee.
Actionable Advice for Taxpayers / Founders:If you are a Supertech homebuyer, keep your allotment papers and payment records handy and watch for the interim resolution professional's appointment. For guidance on your position in this insolvency case, consider speaking to a qualified insolvency lawyer or chartered accountant.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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