The National Company Law Appellate Tribunal (NCLAT) has sought a status report from NBCC (India) Limited on the progress of 16 stalled Supertech projects, where construction work has reportedly remained delayed despite NBCC being appointed as the implementing agency.
The appellate tribunal has also directed the court-appointed Apex Court Committee to submit a report within two weeks detailing the steps taken for the ongoing projects.
The matter was heard on August 25, following concerns raised by homebuyers over delays and deviations from the planned implementation schedule. The projects collectively involve thousands of homebuyers who have been waiting for completion and possession for several years.
NBCC Asked to Report on Construction Progress
NCLAT has sought details on the progress made by NBCC in awarding contracts for construction work. Under an earlier order issued on May 6, the tribunal had set a timeline for the implementation process.
NBCC was expected to begin awarding work before July 31, complete the contract award process within the following month and commence construction from October 1. The tribunal has now sought clarification on the progress made in accordance with this schedule.
The Apex Court Committee has been asked to report on the actions taken so far to move the projects towards completion.
NBCC was approved as the implementing agency for the stalled projects on December 12, 2024. The agency was assigned the responsibility of completing 16 projects comprising approximately 49,748 homes across Uttar Pradesh, Uttarakhand, Haryana and Karnataka.
The Apex Court Committee was constituted to supervise construction, fund management and the distribution of receivables, in coordination with project-wise subcommittees. Former Supreme Court judge Justice Krishna Murari was formally appointed as the chairperson of the committee on May 6, 2026.
Homebuyers Raise Concerns Over Delays
Homebuyers have raised concerns over the pace of progress since NBCC took over the implementation responsibility. According to the homebuyer representatives, no construction work has begun on the ground in several projects during the approximately 21 months since NBCC was entrusted with the assignment.
The 16 projects were launched between 2010 and 2012 and include developments across several locations. Six projects — Sports Village, Ecovillage 1, Ecovillage 2, Ecovillage 3, UP Country and Czar Suites — are located in Greater Noida.
Four projects — Ecociti, Romano, Capetown and North Eye — are located in Noida. The remaining projects include two each in Gurgaon and Meerut and one each in Uttarakhand and Bengaluru.
Together, around 14,000 homebuyers are still awaiting the delivery of their flats.
The prolonged delay has resulted in concerns among buyers who have waited for their homes for years. Homebuyer representatives have also questioned the expenditure on the committee, consultants, support staff and other associated activities while construction work remains pending.
Supertech Insolvency Proceedings
The Supertech insolvency proceedings began in 2021 after Union Bank of India initiated action under Section 7 of the Insolvency and Bankruptcy Code. The National Company Law Tribunal admitted the petition on March 25, 2021, following a loan default linked to the Ecovillage II project.
Since then, the completion of the stalled developments has remained a major concern for affected homebuyers.
The latest NCLAT directive places the focus on the actual progress made in moving the projects towards construction. The status reports from NBCC and the Apex Court Committee are expected to provide clarity on contract awards, project implementation and the steps being taken to resume work.
For the thousands of homebuyers awaiting possession, the timely execution of the projects remains the primary issue. The next steps taken by NBCC and the court-appointed committee will be closely watched as the deadline set by NCLAT approaches.
