Supertech Limited has been allowed by the Supreme Court to infuse funds in delayed realty projects and work with the National Company Law Tribunal-appointed resolution professional to deliver 20,000 flats in unfinished projects within two years. The interim order is a relief to homebuyers who have been waiting over a decade. The order could also pave the way for resolving other stuck projects, said realty experts. The apex court was hearing an ongoing case between Supertech Limited’s RK Arora and housing finance company India bulls Asset Reconstruction Company Limited along with the Union Bank of India.
SC allows Supertech to get fresh funds, deliver 20,000 flats in two years –
