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Supertech insolvency: NCLAT raises concern over delay in appointing IRP
NCLT moved higher.
· BS Companies
Appellate Insolvency Tribunal NCLAT has raised concerns over construction major NBCC's delay in meeting deadlines set for resumption of work at Supertech Ltd's stalled housing projects.
Why it matters
- With NCLT involved, this carries a regulatory dimension that can outlast the immediate market reaction.