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NCLAT Seeks Project-Wise Timelines for 16 Supertech Projects
Sixteen unfinished housing projects built by Supertech are being taken over by NBCC.
A committee appointed to oversee the work gave a broad estimate that projects may take 12 to 36 months to complete.
It did not give a separate finish date for each project.
A tribunal called NCLAT has asked the committee to provide those dates and say how much money is available.
The committee must file this information before the next hearing on November 6, 2026.
Work preparations include checking the projects, getting approvals and selecting contractors.
Some expected sources of funding may not be available until around March 2027.
Contractors could temporarily pay for some work themselves and receive interest if project funds are short.
NCLAT asked the Supreme Court committee to give a tentative completion date for each of the 16 stalled Supertech projects taken up by NBCC.
The committee’s affidavit proposed timelines of 12 to 36 months but did not provide specific completion dates for individual projects.
NCLAT also requested details of finances currently available for the projects before the next hearing on November 6, 2026.
The affidavit sets out steps for due diligence, approvals, tendering and financing, with some funding processes expected to continue until about March 2027.
NBCC plans to issue at least 27 open e-tender packages; contractors may be allowed to finance work temporarily if project funds are insufficient.
- Who
- NCLAT, the Supreme Court committee overseeing the projects, NBCC and Supertech.
- What
- NCLAT requested tentative completion dates and current financial details for each of 16 stalled Supertech projects.
- Where
- The projects are in India; the article does not specify their locations.
- When
- The requested report is due before the next hearing on November 6, 2026.
- Why
- The projects are at different stages, and NCLAT said the broad 12-to-36-month estimate did not provide concrete project-wise completion dates.
Key facts
- Projects
- 16 stalled Supertech housing projects taken up by NBCC
- Broad completion estimate
- 12 to 36 months
- Next hearing
- November 6, 2026
- Due diligence and audit
- Proposed to be completed by January 15, 2027
- Expected tender packages
- 27 or more separate packages through open e-tendering
- Potential contractor financing
- Contractors may self-finance work for an initial six months and receive 6–7% annual interest on deferred amounts
- Insolvency proceedings
- Initiated over a Union Bank of India plea filed on March 20, 2021
Quotes
NCLAT bench
Three-member insolvency appellate tribunal bench comprising Justice Yogesh Khanna, Barun Mitra and Ajai Das Mehrotra.
“We request the Apex Court Committee to file a report of tentative completion date in each of the 16 projects, as each project is at a different stage of construction and such report/affidavit may also disclose the finances available as of today and it be filed prior to the next date of hearing and the matter be listed for further orders on 06.11.2026.”
CNBC TV 18
Sources
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