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Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
Artificial intelligence / 11.01.2025

Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency

Punjab & Sind Bank has rejected the settlement proposal from debt-ridden Supertech Township Projects. NCLAT will decide the insolvency case, with proceedings set for January 23. The insolvency process began following a default of Rs 216.92 crore, and homebuyers remain divided on the issue.

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Published by: economictimes_indiatimes

Read full article here: http://economictimes.indiatimes.com/industry/services/property-/-cstruction/supertech-township-projects-lender-rejects-settlement-proposal-nclat-to-decide-on-insolvency/articleshow/117141176.cms

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