{"id":14350,"date":"2026-08-20T04:58:22","date_gmt":"2026-08-20T04:58:22","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=14350"},"modified":"2026-08-20T04:58:22","modified_gmt":"2026-08-20T04:58:22","slug":"sc-to-hear-nbcc-plea-for-rera-relief-to-complete-16-stalled-supertech-projects-what-is-the-case","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=14350","title":{"rendered":"SC to hear NBCC plea for RERA relief to complete 16 stalled Supertech projects: What is the case"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133364127,imgsize-103710,width-400,height-225,resizemode-4\/supertech-rera.jpg\" alt=\"SC to hear NBCC plea for RERA relief to complete 16 stalled Supertech projects: What is the case\" title=\"NBCC's plea regarding RERA compliance for Supertech projects\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"NBCC's plea regarding RERA compliance for Supertech projects\">NBCC&#8217;s plea regarding RERA compliance for Supertech projects<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: The <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/supreme-court\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Supreme Court<\/a> this week agreed to hear a plea filed by state-owned NBCC Ltd challenging an NCLAT order that refused to exempt the company from certain statutory requirements under the Real Estate (Regulation and Development) Act, 2016 (RERA) while completing 16 stalled housing projects of debt-ridden Supertech Ltd.<span class=\"id-r-component br\" data-pos=\"4\"\/>A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana issued notice on NBCC\u2019s plea and sought responses from the Centre and Ram Kishor Arora, former director of Supertech. The matter will be heard on September 24 along with other pending matters.<span class=\"id-r-component br\" data-pos=\"6\"\/>The plea concerns NBCC\u2019s request for relief from RERA provisions as it takes over the completion of Supertech\u2019s stalled residential projects. <!-- -->The National Company Law Appellate Tribunal (NCLAT) had rejected the request in May, saying it did not have the power to grant an exemption from statutory requirements.<span class=\"id-r-component br\" data-pos=\"11\"\/>This comes as Supertech\u2019s residential projects were stalled after the real estate developer ran into financial difficulties, eventually leading to insolvency proceedings in 2021. The Union Bank of India initiated insolvency proceedings against the company in March 2021, claiming more than Rs 431 crore as of January 31, 2021, along with accrued interest.<span class=\"id-r-component br\" data-pos=\"14\"\/>The stalled projects left thousands of homebuyers waiting for possession of their homes. In December 2024, the NCLAT directed NBCC, a public sector undertaking under the Union Ministry of Housing and Urban Affairs, to take over and complete 16 Supertech projects.<span class=\"id-r-component br\" data-pos=\"16\"\/>The 16 projects comprise 49,748 homes across Uttar Pradesh, Uttarakhand, Haryana and Karnataka. Around 27,000 homebuyers are awaiting possession, according to the case details.<span class=\"id-r-component br\" data-pos=\"19\"\/>In February this year, the Supreme Court upheld the NCLAT order and directed that construction should not be stalled by orders from other tribunals or high courts. The court invoked its extraordinary powers under Article 142 of the Constitution while allowing NBCC to proceed with the projects in the interest of homebuyers.<span class=\"id-r-component br\" data-pos=\"21\"\/><\/p>\n<p><h2>Why is NBCC seeking RERA relief?<\/h2>\n<\/p>\n<p>While NBCC moved ahead with plans to complete the projects, it sought relief from certain RERA requirements that it said could affect the execution of the stalled developments.<span class=\"id-r-component br\" data-pos=\"25\"\/>The NCLAT, however, refused to grant the exemption in May, holding that it was not competent to waive compliance with statutory provisions. NBCC then approached the Supreme Court after being given liberty by the top court in February to raise issues relating to the terms and conditions imposed on it.<span class=\"id-r-component br\" data-pos=\"28\"\/>NBCC had proposed completing the 16 projects in three phases.<span class=\"id-r-component br\" data-pos=\"30\"\/>The first phase covers Eco Village-2, Romano, Capetown, Czar Suites, Eco Village-3, Sports Village and Eco-citi in Noida and Greater Noida.<span class=\"id-r-component br\" data-pos=\"33\"\/>The second phase covers Northeye, Upcountry, Eco Village-1, Meerut Sports City and Green Village in Noida, Yamuna Expressway, Greater Noida and Meerut.<span class=\"id-r-component br\" data-pos=\"35\"\/>The third phase includes Hilltown and Aravile in Gurugram, Rivercrest in Rudrapur, Doon Square in Dehradun and Micasa in Bengaluru.<span class=\"id-r-component br\" data-pos=\"37\"\/>The NCLAT had directed NBCC to begin the process of awarding work before March 31, 2025, complete the award within a month and start construction from May 1, 2025. It had also ordered the formation of an apex court committee and separate project-level committees to oversee the developments.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/real-estate\/news\/sc-to-hear-nbcc-plea-for-rera-relief-to-complete-16-stalled-supertech-projects-what-is-the-case\/articleshow\/133363379.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NBCC&#8217;s plea regarding RERA compliance for Supertech projects NEW DELHI: The Supreme Court this week agreed to hear a plea filed by state-owned NBCC Ltd challenging an NCLAT order that refused to exempt the company from certain statutory requirements under the Real Estate (Regulation and Development) Act, 2016 (RERA) while completing 16 stalled housing projects 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plea regarding RERA compliance for Supertech projects NEW DELHI: The Supreme Court this week agreed to hear a plea filed by state-owned NBCC Ltd challenging an NCLAT order that refused to exempt the company from certain statutory requirements under the Real Estate (Regulation and Development) Act, 2016 (RERA) while completing 16 stalled housing projects [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 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