# Supertech insolvency stalls over missed deadlines

> India's appellate tribunal pressures NBCC and regulators to speed up work on 16 stalled housing projects.
- Title: Supertech insolvency stalls over missed deadlines | Shortify
- Summary: India's appellate tribunal pressures NBCC and regulators to speed up work on 16 stalled housing projects. NCLAT is demanding faster action on appointing an…
- Keywords: supertech, nclat, nbcc, insolvency, housing projects, construction delays, cirp, union bank of india, interim resolution professional, apex court committee, stalls, missed
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/services/property-/-cstruction/supertech-insolvency-nclat-raises-concern-over-delay-in-appointing-irp-slippage-on-deadline/articleshow/134364145.cms
- Author: PTI
- Published: 2026-09-20T05:42:00+00:00
- Read time: 1 min
- Topics: supertech, nclat, nbcc, insolvency, housing projects, construction delays, cirp, union bank of india, interim resolution professional, apex court committee
## Tribunal flags IRP appointment delay
India's appellate tribunal NCLAT has ordered regulators to suggest names for an interim resolution professional within a week to oversee Supertech's insolvency case.

> Let the said process be completed within a week from today.
## NBCC misses key construction deadlines
State-run builder NBCC has failed to meet multiple deadlines set for resuming work on Supertech's 16 stalled housing projects, including a December 2024 condition that should have been satisfied already.
## Six conditions still not met by NBCC
NBCC must complete due diligence, obtain statutory permissions, award contracts, hand over projects, and secure funding. A September status report flagged difficulties but offered no new timelines.
## Missing documents blocking progress
NBCC says it hasn't received documents from Supertech's suspended management needed to move forward. The tribunal ordered a list of missing documents be shared with all parties.
## Next meeting to set firm timelines
A September 20 meeting between NBCC and the Apex Court Committee is expected to establish concrete dates for completing remaining conditions and starting construction.
## Supertech under insolvency since 2021
The realty firm entered Corporate Insolvency Resolution Process in March 2021 after Union Bank of India filed a plea. NCLAT took over 16 projects in December 2024 and handed them to NBCC.
## Tribunal sets September 25 hearing date
NCLAT will reconvene on September 25 to review progress on appointing the interim resolution professional and NBCC's compliance with construction conditions.
## Key takeaway

NCLAT is demanding faster action on appointing an interim resolution professional and holding NBCC accountable for missing construction deadlines on Supertech's stalled projects.