Supreme Court hears NBCC RERA exemption plea
Analysis based on 8 articles · First reported Aug 17, 2026 · Last updated Aug 17, 2026
The Supreme Court's decision to hear NBCC's plea adds uncertainty to the timeline for completing Supertech's stalled projects, potentially affecting homebuyers and the real estate sector. NBCC's stock may see minor volatility as investors assess the regulatory hurdles and potential delays in project completion.
The India — Supreme Court of India agreed to hear a plea by NBCC (India) (NBCC) challenging the India — National Company Law Appellate Tribunal's refusal to exempt it from certain provisions of the Real Estate Regulation and Development Act, 2016 (RERA) while completing 16 stalled housing projects of Supertech Limited. The projects comprise nearly 50,000 homes across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka, with around 27,000 homebuyers awaiting possession. NBCC sought exemptions from requirements such as maintaining a separate bank account and depositing 70% of collected funds, as well as from obtaining allottee approvals. The NCLAT had refused the waiver on May 22, stating it lacked jurisdiction. The Supreme Court issued notice and scheduled the hearing for September 24. This follows the court's February 5 judgment upholding the NCLAT order entrusting the projects to NBCC. The insolvency proceedings against Supertech were initiated by India in 2021.
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