Supertech Ltd. going to NCLT

Boprealty01 Aug, 2022Real Estate

Supertech Limited, which is a Noida-based real estate company, has been declared insolvent by the National Company Law Tribunal (NCLT). The petition was raised by the Union Bank of India, which as a result has left almost 25,000 homebuyers in distress. As the company will go through insolvency proceedings, the chances are high that most homebuyers will have to wait a little longer to acquire their dream homes.