Archive · 25 Jul 2026
Noida Twin Towers: Supreme Court Delays Refund Hearing
The Noida Twin Towers case is back in the news because the Supreme Court has delayed the hearing about refunds for people who bought apartments in the towers.
The towers were demolished in 2022 because they were built illegally.
Now, some buyers still haven't gotten their money back, and the company that built the towers is in financial trouble.
The court gave everyone more time to figure out how to pay back the buyers.
The Supreme Court deferred the hearing on refunds for homebuyers of the Noida Twin Towers by three months.
The Twin Towers were demolished in 2022 due to illegal construction.
Homebuyers argue that they have not received their refunds, with the last payment made in 2024.
Supertech is undergoing insolvency proceedings, complicating the repayment process.
The Supreme Court had earlier ruled that refunds would be made on a pro-rata basis from funds deposited by the Interim Resolution Professional (IRP).
- Who
- Homebuyers of the Supertech Twin Towers and Supertech Limited
- What
- Supreme Court delays hearing on refunds for homebuyers
- When
- The hearing was deferred by three months
- Where
- Noida, India
- Why
- To resolve claims of buyers who had not opted for alternative allotments
Homebuyers
Supertech
Refunds
Homebuyers
Homebuyers argue that they have not received their refunds and the last payment was made in 2024.
Supertech
Supertech is undergoing insolvency proceedings, which complicates the repayment process.
- Project Name
- Emerald Court
- Location
- Sector 93A, Noida
- Original Approval
- 14 residential towers
- Revised Approval
- 16 residential towers
- Demolition Date
- August 28, 2022
- Refund Interest Rate
- 12%
- Current Status
- Insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)