Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadline
The National Company Law Appellate Tribunal (NCLAT) expressed concerns over NBCC's delays in resuming work on Supertech Ltd's housing projects and the slow appointment of an interim resolution professional (IRP). The NCLAT directed the National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India (IBBI) to propose IRP names within a week, impacting the ongoing Corporate Insolvency Resolution Process.