SC order for Supertech Supernova gives hope to buyers of housing projects in limbo

NEW DELHI: By ordering roped in of a new developer to complete the Supertech Supernova project in Noida, which is currently insolvent, and removing the company’s former promoters, the insolvency resolution professional (IRP) and the committee of creditors (CoC), the Supreme Court has revived hopes among lakhs of homebuyers that other frozen housing projects can […]

SC gives Noida authority to respond to Sports City proposals; provisional injunction granted to several builders

NEW DELHI: The Supreme Court of India (SC) has directed developers involved in the Noida Sports City case to submit revised proposals to the Noida authority within two weeks, with the authority to take appropriate action within four weeks thereafter. The order came while hearing multiple special leave petitions (SLPs) relating to redevelopment, dues, occupancy […]