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Supreme Court orders NBCC to finish 16 stalled Delhi-NCR housing projects in 3 years, delivering homes to 51,000 buyers.
The Supreme Court has ordered NBCC to complete 16 stalled Supertech housing projects in Delhi-NCR, benefiting around 51,000 homebuyers who have waited over 15 years for possession.
The ruling, issued under Article 142, upholds a 2024 NCLAT decision, prioritizing home delivery over creditor claims and barring further legal challenges.
NBCC, tasked with finishing the projects within three years at an estimated cost of 9,500 crore, must ensure homes include essential amenities.
The court emphasized protecting homebuyers’ interests, rejecting delays and affirming the process does not violate the Insolvency and Bankruptcy Code.
El Tribunal Supremo ordena a NBCC que termine 16 proyectos de vivienda estancados en Delhi-NCR en 3 años, entregando casas a 51,000 compradores.