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Under the Insolvency and Bankruptcy Code (IBC), the NCLT has appointed Hitesh Goel as the insolvency resolution professional (IRP). Supertech Declared Bankrupt by NCLT, Fate of Over 25,000 Homebuyers’ Lays Hanging.
The Noida authority on Monday informed the Supreme Court that Supertech 40-story twin towers will be demolished on May 22, reported news agency ANI.
Supertech's twin towers to be demolished by May 22: Noida authority to SC - A bench of Justices DY Chandrachud and Surya Kant also informed that the entire debris would be removed by August 22 from the site by M/S Edifice.
On February 7, the Supreme Court had directed that the demolition of the twin towers built by real-estate major Supertech Ltd in violation of norms at its Emerald Court project in Noida should start within two weeks.
The Noida authorities also added that all debris of the twin 40-storey towers will be removed by August 22.