Articles for tag: Director, Estate, Grants, Halted, insolvency, Looming, NCLAT, Project, Propose, Real, Settlement, Supertechs, Suspended, Threatens, Weeks

NCLAT grants Supertech’s suspended director two weeks to propose a settlement, while looming insolvency threatens the halted real estate project.

The National Company Law Appellate Tribunal (NCLAT) has given Ram Kishore Arora, suspended director of Supertech Township Projects, an additional two weeks to share a settlement proposal with lenders and homebuyers. This decision comes as Arora aims to resolve ongoing insolvency proceedings connected to the company’s real estate project, which has faced delays. NCLAT suggested ...