Overview
- A bench led by Chief Justice Surya Kant upheld the NCLAT’s December 12, 2024 directive bringing NBCC on record, reviving completion of 16 Supertech projects after a 2025 stay.
- All tribunals and High Courts were restrained from issuing directions that might stall NBCC’s work, with the NCLAT-appointed expert committee tasked to support execution.
- NBCC must deliver fully finished apartments with essential utilities, roads and parks, and creditor dues will be addressed only after handover with possible haircuts.
- Safeguards remain in force: RERA compliance, no extra cost to buyers beyond Builder‑Buyer Agreement dues, third‑party quality audits, and 12–36 month timelines funded by unsold inventory, receivables and NBCC.
- The order covers tens of thousands of delayed units, including about 49,748 homes across the 16 projects, after roughly 51,000 bookings were made in 2010–12.