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After the conclusion of arguments advanced by the counsel of the ED and the accused, special Judge Devender Kumar Jangala reserved the order on Monda
The Supertech Group also defaulted on payments to banks and financial institutions, and currently around Rs 1,500 crore of such loans have become non-performing assets (NPA), the agency said. Supertech Ltd, which was formed in 1988, has so far delivered around 80,000 apartments, mainly in Delhi-NCR. The company is currently developing around 25 projects across the National Capital Region (NCR). It is yet to give possession to more than 20,000 customers.
The Delhi High Court on Friday dismissed a petition by Supertech Group Chairman R.K. Arora challenging his arrest by the Enforcement Directorate (ED) in connection with a case under the Prevention of Money Laundering Act (PMLA).On September 15, ...
Supertech: Special Judge Devender Kumar Jangala, who was scheduled to take up the matter for consideration on Friday, adjourned the matter saying the documents were lengthy and he needed time to go through all the files before passing any decision.
The NCLAT had also directed constitution of a Committee of Creditors for the Eco Village 2 project located in Greater Noida (West). The company had secured the Supreme Court's permission to mobilise around Rs 1,600 crore from institutional investors to complete 18 ongoing housing projects across Delhi-NCR under the main firm Supertech Ltd.