Supertech Submits Resolution Plan to Clear Rs.900 Crore Dues to Greater Noida Authority

15 Jul 2024 CW Team

The resolution plan outlines Supertech's strategy to settle its financial obligations systematically, ensuring that payments are made in a sustainable manner. The ?900 crore dues pertain to various land and infrastructure-related charges owed to the Greater Noida Authority.

By submitting this plan, Supertech aims to streamline its financial position and regain stability in its operations. The resolution is expected to facilitate ongoing projects and support the company's efforts to meet its commitments to homebuyers and other stakeholders.

The filing of the resolution plan underscores Supertech's commitment to resolving financial challenges through structured negotiations and adherence to regulatory requirements. It reflects the company's proactive approach to address issues and chart a sustainable path forward in the real estate sector.

The resolution plan submission is a significant development in Supertech's journey towards financial recovery and operational continuity. It signals a positive step towards addressing past dues and reinforces confidence among investors, homebuyers, and the broader real estate community in Supertech's ability to navigate challenges effectively.

In conclusion, Supertech's submission of the resolution plan to clear ?900 crore dues to the Greater Noida Authority marks a pivotal moment in the company's efforts to stabilize its financial position and uphold its commitments in the real estate market. The resolution plan is expected to pave the way for constructive dialogue and eventual resolution of outstanding liabilities, supporting Supertech's long-term growth prospects.

Supertech Ltd. has filed a resolution plan with the Greater Noida Authority aimed at clearing dues amounting to ?900 crore. This move is part of the real estate developer's efforts to restructure its finances and resolve outstanding liabilities with local authorities. The resolution plan outlines Supertech's strategy to settle its financial obligations systematically, ensuring that payments are made in a sustainable manner. The ?900 crore dues pertain to various land and infrastructure-related charges owed to the Greater Noida Authority. By submitting this plan, Supertech aims to streamline its financial position and regain stability in its operations. The resolution is expected to facilitate ongoing projects and support the company's efforts to meet its commitments to homebuyers and other stakeholders. The filing of the resolution plan underscores Supertech's commitment to resolving financial challenges through structured negotiations and adherence to regulatory requirements. It reflects the company's proactive approach to address issues and chart a sustainable path forward in the real estate sector. The resolution plan submission is a significant development in Supertech's journey towards financial recovery and operational continuity. It signals a positive step towards addressing past dues and reinforces confidence among investors, homebuyers, and the broader real estate community in Supertech's ability to navigate challenges effectively. In conclusion, Supertech's submission of the resolution plan to clear ?900 crore dues to the Greater Noida Authority marks a pivotal moment in the company's efforts to stabilize its financial position and uphold its commitments in the real estate market. The resolution plan is expected to pave the way for constructive dialogue and eventual resolution of outstanding liabilities, supporting Supertech's long-term growth prospects.

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Infrastructure Transport

18 Dec 2025

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

Infrastructure Transport

18 Dec 2025

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..