Twin residential towers of Supertech in Noida. The towers will be demolished on May 22 in compliance with the Supreme Court’s order of demolition as it was constructed in violation of the building bye-laws.
Home buyers of Supertech projects in the National Capital Region can now submit their claims at the insolvency resolution professional desk as the realty developer was declared bankrupt by the National Company Law Tribunal recently.
On March 25, the NCLT had declared Noida-headquartered realty major Supertech bankrupt, accepting a petition filed by Union Bank of India over non-payment of its dues.
All financial creditors including real estate allottees are required to submit their claims with proof online by visiting supertechlimited.com/public-announcement.php.
Also, for any claim related queries, home buyers are requested to call on +91 8904039001 between 10 AM to 6 PM
The NCLT order is likely to affect over 25,000 home buyers who have booked their homes with the company for several years.
The insolvency order came as a blow to the company as its one-time settlement offer has not been accepted by Union Bank.
Recently, the Supreme Court ordered the demolition of its twin towers in Noida and last month, the local authority informed the top court that the Supertech 40-storey twin towers would be demolished on May 22.
Read more: Supertech declared insolvent after default of Rs 432 cr; Over 25,000 home buyers to be affected