{"id":17796,"date":"2025-08-15T07:10:03","date_gmt":"2025-08-15T07:10:03","guid":{"rendered":"https:\/\/www.realestate.thehonanews.co.in\/?p=17796"},"modified":"2025-08-15T07:10:03","modified_gmt":"2025-08-15T07:10:03","slug":"nclat-clears-way-for-insolvency-proceedings-against-supertech-realtors","status":"publish","type":"post","link":"https:\/\/www.realestate.thehonanews.co.in\/?p=17796","title":{"rendered":"NCLAT clears way for insolvency proceedings against Supertech Realtors"},"content":{"rendered":"<p> <br \/>\n<br \/>The NCLAT has upheld the insolvency proceedings against Supertech Realtors, developer of the Supernova project, after a plea by Bank of Maharashtra over unpaid dues. A settlement proposal by Supertech&#8217;s promoter was rejected by the consortium of banks. The appellate tribunal has allowed the formation of a Committee of Creditors to proceed with the insolvency resolution process.<br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/realty.economictimes.indiatimes.com\/news\/regulatory\/nclat-approves-insolvency-proceedings-against-supertech-realtors-amidst-financial-turmoil\/123316062\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NCLAT has upheld the insolvency proceedings against Supertech Realtors, developer of the Supernova project, after a plea by Bank of Maharashtra over unpaid dues. A settlement proposal by Supertech&#8217;s promoter was rejected by the consortium of banks. The appellate tribunal has allowed the formation of a Committee of Creditors to proceed with the insolvency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-17796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/posts\/17796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17796"}],"version-history":[{"count":0,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/posts\/17796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=\/wp\/v2\/media\/17797"}],"wp:attachment":[{"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestate.thehonanews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}