NBCC Share Price in Focus as Supreme Court Orders to Finish Stalled Supertech Homes

The Supreme Court has asked state-run NBCC Limited to complete 16 stalled housing projects of insolvent real estate developer Supertech Limited, as per PTI reports.  

The projects together cover nearly 49,748 flats across Uttar Pradesh, Uttarakhand, Haryana and Karnataka. Around 27,000 homebuyers are still waiting for possession. 

Supertech entered insolvency proceedings in 2021 after Union Bank of India approached the National Company Law Tribunal over dues of more than ₹431 crore. Many of the affected flats were booked between 2010 and 2012, and buyers have been waiting for close to two decades. 

NCLAT Order Upheld 

A bench headed by Chief Justice Surya Kant and Justice Joymalya Bagchi upheld the National Company Law Appellate Tribunal’s order of December 12, 2024. The appellate tribunal had brought NBCC on record to complete the stalled projects. 

The Supreme Court invoked its powers under Article 142 of the Constitution to implement the arrangement. The bench said the main focus would be on ensuring that buyers receive the homes they paid for. 

Priority for Homebuyers 

The court directed that flats must be delivered with promised facilities, including water supply, electricity, sewage connections, roads and parks. It also said the dues of financial and operational creditors would be considered only after completed homes are handed over. 

Creditors may have to accept a haircut, as decided by the insolvency tribunals. The court also barred tribunals and high courts from issuing interim orders that could interrupt construction work. 

Work Schedule and Earlier Stay 

Construction is set to begin from May 1, 2025, with contracts likely to be awarded by April. The projects will be taken up in three phases across the National Capital Region, Dehradun and Bengaluru. An expert committee has been asked to assist NBCC during the process. 

Earlier, on February 21, 2025, the Supreme Court had stayed NBCC’s appointment to review whether insolvency procedures were followed. That stay has now been lifted. 

Read More: NBCC Share Price in Focus; Receives Work Orders Worth ₹62.62 Crore in Regular Business Operations!  

NBCC (India) Share Price Performance  

As of February 6, 2026, 11:14 am, NBCC (India) share price was trading at ₹97.65, a 3.27% down from the previous closing price. 

Conclusion 

The ruling clears the way for NBCC to complete the stalled projects, with the delivery of homes placed ahead of creditor recoveries. 

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