SC Directs NBCC to Complete Supertech Projects
Analysis based on 11 articles · First reported Feb 05, 2026 · Last updated Feb 05, 2026
The ruling provides significant relief to thousands of homebuyers, potentially restoring confidence in the real estate sector's regulatory and judicial oversight. Financial and operational creditors of Supertech Limited will face 'haircuts', impacting their recovery expectations, while NBCC (India) Limited's role is expanded, potentially boosting its public sector image.
The India===Supreme Court of India upheld a India===National Company Law Appellate Tribunal order, directing state-owned NBCC (India) Limited to complete 16 stalled housing projects of debt-ridden Supertech Limited. This landmark decision, invoking Article 142 of the Constitution of India, prioritizes the interests of approximately 51,000 homebuyers who have been waiting for their homes for over a decade. The Court also restrained all other tribunals and high courts from issuing orders that could impede the construction work. Financial and operational creditors of Supertech Limited, including Union Bank of India, will only have their dues addressed after the homes are delivered, and they are expected to take 'haircuts' on their claims. The projects, estimated at Rs 9,500 crore, are to be completed expeditiously with all promised amenities.
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