Archive · 9 Oct 2026
NCLAT Seeks Project-Wise Deadlines for 16 Supertech Projects
Sixteen unfinished Supertech housing projects are being taken up by NBCC.
A Supreme Court committee is overseeing the work.
The committee gave a broad estimate of 12 to 36 months, but not a finish date for each project.
NCLAT has asked it to provide those dates and explain how much money is available.
The information must be filed before a hearing on November 6, 2026.
NBCC is preparing to choose contractors through open tenders.
Some financing proposals were rejected because their interest rates were too high.
If funds are short, contractors may pay for some work for six months and receive interest on the delayed payments.
NCLAT asked the Supreme Court committee to provide tentative completion dates for each of 16 stalled Supertech projects handled by NBCC.
The committee's affidavit proposed construction timelines of 12 to 36 months but gave no individual project completion dates.
NCLAT also requested details of funds currently available, with the report due before the November 6, 2026 hearing.
NBCC expects to complete work awards by December 31, 2026, and proposed due diligence and audits by January 15, 2027.
NBCC plans at least 27 open e-tender packages; contractors may finance work temporarily if project funds are insufficient.
- Who
- NCLAT, the Supreme Court committee overseeing the projects, NBCC and Supertech.
- What
- NCLAT requested tentative project-by-project completion dates and details of available funds for 16 stalled Supertech projects.
- When
- The report is due before the next hearing on November 6, 2026.
- Where
- The projects are in India; the articles do not identify their locations.
- Why
- The projects are at different construction stages, and the affidavit's 12-to-36-month estimate did not give concrete dates for each one.
Funding concerns
Proposed financing measures
Availability of finance
Funding concerns
The committee said some company financing proposals were unviable because of high interest rates, and public-sector bank funding may take until about March 2027.
Proposed financing measures
The committee plans to mobilise resources from alternative sources and has added a tender provision allowing contractors to temporarily finance work if funds are insufficient.
- Projects
- 16 stalled Supertech housing projects taken up by NBCC
- Broad completion estimate
- 12 to 36 months
- Next hearing
- November 6, 2026
- NBCC work awards
- Expected to be completed by December 31, 2026
- Due diligence and audit
- Proposed completion by January 15, 2027
- Tender packages
- 27 or more separate packages planned through open e-tendering
- Contractor financing
- Contractors may self-finance work for an initial six months and receive 6–7% annual interest on deferred amounts
- Interim finance
- The process of raising interim finance may continue until about March 2027
