Скачать или смотреть Supreme Court Invokes Article 142 to Complete Supertech Supernova Project

The Supreme Court of India has stepped in to ensure completion of the stalled Supertech Supernova real estate project in Noida by invoking Article 142 of the Constitution.
A Bench led by CJI Surya Kant has ordered that the project be taken over by a Court-appointed empowered Committee, replacing the management of Supertech Realtors Pvt Ltd, which is facing insolvency proceedings.
The Committee will function as the Board of Directors, appoint a new developer, manage escrow funds, and ensure that buyer payments are used only for construction. Authorities including the NOIDA Authority have been directed to fast-track approvals without insisting on past dues, offering major relief to affected homebuyers.
Case Title: Ram Kishor Arora Vs Bank of Maharashtra
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