+
Alpha Corp Acquires Earth Infra Projects Through NCLT Resolution
Real Estate

Alpha Corp Acquires Earth Infra Projects Through NCLT Resolution

Alpha Corp Development has acquired three stalled projects of Earth Infrastructures Limited through the National Company Law Tribunal (NCLT) resolution process, following a Supreme Court judgment restoring the company’s resolution plan under the Insolvency and Bankruptcy Code (IBC).
The projects include commercial developments Earth TechOne and Earth Sapphire Court in Greater Noida, along with the residential project Earth Copia in Gurugram. The development is expected to provide relief to more than 3,000 homebuyers and commercial-space buyers affected by delays spanning over a decade.
The Supreme Court, through its judgment dated May 5, 2026, restored Alpha Corp’s resolution plan in Civil Appeal No. 1526 of 2023, overturning an earlier National Company Law Appellate Tribunal (NCLAT) order that had rejected the plan. The Court observed that continued delays would adversely impact buyers and directed that the Greater Noida Industrial Development Authority recover only principal dues while waiving penal interest and extension charges.
Commenting on the development, Santosh Agarwal said, “The restoration of the Resolution Plan marks an important and positive step towards the resolution of these long-stalled projects.”
Alpha Corp is expected to invest around Rs 750 crore towards project completion, redevelopment and infrastructure upgrades, with an estimated revenue potential of around Rs 1,200 crore. The company stated that it will oversee construction, regulatory coordination and phased delivery, while also evaluating design modernisation and amenity enhancements to align the developments with current market requirements.

Alpha Corp Development has acquired three stalled projects of Earth Infrastructures Limited through the National Company Law Tribunal (NCLT) resolution process, following a Supreme Court judgment restoring the company’s resolution plan under the Insolvency and Bankruptcy Code (IBC).The projects include commercial developments Earth TechOne and Earth Sapphire Court in Greater Noida, along with the residential project Earth Copia in Gurugram. The development is expected to provide relief to more than 3,000 homebuyers and commercial-space buyers affected by delays spanning over a decade.The Supreme Court, through its judgment dated May 5, 2026, restored Alpha Corp’s resolution plan in Civil Appeal No. 1526 of 2023, overturning an earlier National Company Law Appellate Tribunal (NCLAT) order that had rejected the plan. The Court observed that continued delays would adversely impact buyers and directed that the Greater Noida Industrial Development Authority recover only principal dues while waiving penal interest and extension charges.Commenting on the development, Santosh Agarwal said, “The restoration of the Resolution Plan marks an important and positive step towards the resolution of these long-stalled projects.”Alpha Corp is expected to invest around Rs 750 crore towards project completion, redevelopment and infrastructure upgrades, with an estimated revenue potential of around Rs 1,200 crore. The company stated that it will oversee construction, regulatory coordination and phased delivery, while also evaluating design modernisation and amenity enhancements to align the developments with current market requirements.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code