nclt: NCLT admits insolvency plea against Supertech ORB : vimarsana.com

nclt: NCLT admits insolvency plea against Supertech ORB

Supertech ORB, a real estate company constructing luxury apartments in Delhi-NCR, has been admitted for bankruptcy resolution. This could lead to a delay in possession for homebuyers. The company's other project, along the Noida-Greater Noida Expressway, has already faced setbacks due to faulty construction. The Allahabad National Company Law Tribunal has appointed an interim resolution professional for Supertech ORB. The company's promoter is currently in jail on charges of money laundering and cheating home buyers. The lender has terminated a settlement agreement and recalled a loan of Rs 482 crore.

Related Keywords

Allahabad , Uttar Pradesh , India , Shailendra Ajmera , Supertech Ltd , Union Bank , Reconstruction Company , Go Airlines , Mittal Corp , Supreme Court On , Allahabad National Company Law Tribunal , Supreme Court , Pvt Ltd , Noida Greater Expressway , Assets Care , Enforcement Directorate , North Eye Cape Town , Eco Village , India Bulls , Nclt , Arc , Acre , Union Bank Of India ,

© 2024 Vimarsana