Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadline

Concerns have been raised by the NCLAT regarding NBCC's significant delays in the construction of Supertech projects, while criticism mounts over the sluggish pace in appointing an interim resolution professional. The tribunal has instructed the NCLT and IBBI to provide names within a week, as NBCC grapples with the inability to meet earlier project deadlines. A meeting is on the horizon to solidify the timeline for starting construction.