The National Company Law Appellate Tribunal (NCLAT) has directed the committee overseeing stalled housing projects of debt-ridden realty firm Supertech to file a status report within two weeks on steps towards commencement of construction and awarding of work in 16 NBCC-managed projects. According to reports from The Economic Times, this direction comes after homebuyers complained before a three-member bench of delays beyond timelines fixed earlier. The appellate tribunal noted that as per its earlier order dated May 6, 2026, the process for awarding work on the projects was to begin before July 31, 2026, and construction to commence within a month thereafter, timelines that have not been met. The tribunal specifically directed that a 'status report as to what steps have been taken qua the ongoing projects be filed by the Apex Court Committee within two weeks from today', as recorded in its 4-page interim order. The latest intervention comes after NCLAT raised concerns over slow construction progress across the 16 stalled projects, with the tribunal noting that 'there is also a grievance raised by the stakeholders in the 16 NBCC projects, which are being managed and looked after by the apex court committee'. The next hearing for this matter is scheduled for September 14, 2026.
The tribunal also directed the committee to address unpaid employee salaries for three months, as reported by The Economic Times. This grievance was brought to notice by R K Arora, Chairman, who is part of the suspended board of Supertech. The bench, headed by Officiating Chairperson Justice Yogesh Khanna, recorded that learned counsel for the suspended director submitted that 'salaries of the employees have not been paid for the last three months' and directed the apex court committee to look into the matter. The tribunal specifically noted that 'the Apex Court Committee to consider the same' in its 4-page interim order, with the appellate tribunal observing that 'learned counsel for the Suspended Director submits that salaries of the employees have not been paid for the last three months'. The bench also noted that 'it is also submitted that the timelines as mentioned in the order dated May 6, 2026 for starting the process of awarding work prior to July 31, 2026 and commencement of construction within a month have not started as yet'.
On December 12, 2024, NCLAT had constituted an Apex Court Committee and directed state-run NBCC to take over and complete Supertech's 16 stalled housing projects, as reported by The Economic Times. The tribunal had also directed project-wise committees to oversee the process, with separate accounts to be maintained. The committee is currently managing these projects under the supervision of the apex court committee. In continuation of its earlier order, the Apex Court Committee has filed its status report, with counsel for the Promoter submitting that a copy of the status report was received only a day prior to the hearing and seeking time to respond, following which the tribunal directed that such response be filed within a week. The latest development sees NCLAT asking NBCC to submit a detailed status report as the project management consultant, which is expected to provide the tribunal with a clearer picture of progress and remaining work in these stalled projects.
The construction delays affect a significant portion of Supertech's housing portfolio, with around 14,000 homes out of nearly 50,000 homes linked to these projects currently stalled. According to the latest reports, the issue highlights the continuing challenges involved in completing delayed real estate projects in Noida and other parts of the NCR. For affected buyers, the latest NCLAT intervention could increase accountability and put greater focus on construction timelines, project execution and delivery. The tribunal's directive to NBCC for a detailed status report is particularly significant given the scale of the construction delays and the impact on thousands of homebuyers awaiting possession of homes in these stalled projects.
Beyond the primary construction delays, NCLAT also took note of complaints regarding water-logging in the basements of Supertech Ecociti and Supertech 34 Pavilion projects, as reported by The Economic Times. The tribunal directed counsel for Arora in one of the related IAs to take instructions on furnishing original basement plans and drawings. On a separate application concerning legal fees payable to lawyers representing the IRP (Interim Resolution Professional), NCLAT noted that the applicants have already approached the Apex Court Committee for a view, with the bench comprising Technical Members Barun Mitra and Ajai Das Mehrotra. The tribunal also flagged a plea seeking substitution of the Apex Court Committee in place of the Interim Resolution Professional after the latter was removed as Chairperson of the Committee. The applicant's counsel submitted that the incoming IRP is set to be appointed as secretary of the Committee, warranting the substitution, while creditors sought time to file a reply. On this, NCLAT said 'The Apex Court Committee may take steps to expedite the appointment of the IRP in the present matter' and directed the Committee to expedite the new IRP's appointment. The appellate tribunal has listed the matter on September 14, 2026 for the next hearing.
