The National Company Law Tribunal (NCLT) has ordered initiating an insolvency proceeding against Supertech Realtors, which is developing a residential apartment, office, retail and luxury hotel at its Supernova project.
A two-member Delhi bench of NCLT admitted the insolvency plea filed by the Bank of Maharashtra over a default of Rs 168.04 crore and appointed Anju Agarwal as interim resolution professional (IRP), suspending the board of Supertech Realtors, a step-down subsidiary of Supertech.
Supertech is also facing a Corporate Insolvency Resolution Process (CIRP). Supertech Realtors is developing Supernova project at a cost of Rs 2,326.14 crore on a land measuring 70,002 square metres at Sector 94, Noida.
For the project, Supertech Realtors approached a consortium of lenders led by Union Bank of India seeking a financial assistance of Rs 7,35.58 crore.
Bu hikaye Millennium Post Delhi dergisinin June 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Delhi dergisinin June 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
DANCING IN VENERATION FOR THE MOTHER GODDESS
A panel discussion titled 'Happiness through the Arts' took place, a collaboration with the 'Sangeet Foundation' and Jayanta Ray
'Pushpa 2' trailer launch breaks records with highest number of live viewers in Indian cinema
The much-anticipated trailer launch of 'Pushpa 2: The Rule' has created history by becoming the most-watched live event in Indian cinema.
Nayanthara opens up about past relationships
It's surreal how every actor, who is fiercely guarded about their private lives, was once an open book for all to read.
'Felt lot of respect for Nehru during my research for Freedom at Midnight'
Sidhant Gupta plays Jawaharlal Nehru in the web series currently streaming on 'SonyLIV'
Jimmy inspired Avinash to take up acting
Tiwary once admired Sheirgill as a role model during his formative days
Delhi's air quality hits crisis point with AQI of 494; stringent curbs rolled out
Delhi's air quality has plummeted to alarming levels, with the Air Quality Index (AQI) soaring to a hazardous 494 on Monday, the second-worst in six years.
Ranveer reveals the secret behind his pulsating energy
He recently starred in 'Singham Again'
Virat Kohli will have his moments, hopefully not too many: Travis Head
Australian batter Travis Head on Monday backed Virat Kohli to \"have his moments in the series\", as the Indian superstar continued to dominate talks in the run-up to the five-Test Border-Gavaskar Trophy, starting here on Friday.
Australia clean sweep Pakistan in T20 series
Marcus Stoinis bludgeoned 61 not out off 27 balls as Australia swept Pakistan 3-0 in the Twenty20 series with a seven-wicket victory in the final game on Monday.
Shami named in Bengal T20 squad for Syed Mushtaq Ali Trophy
India pacer Mohammed Shami, who made a splendid return to competitive cricket with Ranji Trophy, was on Monday named in Bengal's squad for the Syed Mushtaq Ali Trophy beginning on Saturday.
