Supertech's projects can also be passed over to NBCC, according to the corporation, and we are ready to fulfil them

Similarly, the stalled projects of Supertech Limited can be handed over to NBCC. The special thing is that NBCC has agreed in principle that if it gets the responsibility of completing these projects, then it is ready with it—just the due process should be followed properly.

In the continuing case against Supertech Ltd. at the NCLT, the lead lender bank has given a suggestion of getting its projects completed from NBCC. The bank owes about Rs 432 crore to Supertech in only one project, Eco Village-2. Sources in NBCC have confirmed to IANS that the company is ready to complete all stalled and soured projects of Supertech, provided the details of all the projects should be made available to it as was done in the Amrapali case.

NBCC had contacted only in respect of Eco Village-2 in IRP (professional appointed for interim resolution in bankruptcy case). It was, during the course of the hearing before NCLT, submitted by IRP that if Union Bank makes a request, complete details of all the views can be provided to NBCC.

Supertech has a bunch of projects in Noida and Greater Noida. AG Ramani, representing the NBCC, also told the NCLT that it was willing to take up the completion of these projects and the opinion of banks that have lent to Supertech was also in its favor. If NBCC gets the responsibility of completing the stuck projects of Supertech, then this will be another big thing for this government company in terms of residential projects.

This way, over 2.5 lakh incomplete buildings of years can be completed in NCR alone. Sources in NBCC said that even Haryana RERA has taken cognizance of the matter and requested the NBCC to execute projects that are held up in Gurugram and other cities. However, there has been no response from NBCC on this proposal.