Top firms land new infrastructure, government deals
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Meanwhile, Supertech, in a statement, said that it will challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT).
The NCR-based real estate developer's fall from grace follows behemoths like Jaypee and Amrapali, leaving thousand of homebuyers in trouble.
Supertech Ltd has undertaken multiple projects in Noida, Gurugram, Ghaziabad, and Greater Noida. Thousands of homebuyers are awaiting their flats in these housing projects.
The Delhi-bench of NCLT has also appointed Hitesh Goel as the insolvency resolution professional (IRP) in this matter under the Insolvency and Bankruptcy Code (IBC).