Insolvency appellate tribunal NCLAT has sought separate timeline commitments for the completion of each of the 16 delayed Supertech projects that have been taken up by state-owned NBCC.

A Supreme Court panel, which has been tasked to oversee the progress of these housing projects, has filed an affidavit in the NCLAT, proposing fresh timelines for starting the construction work and completing them between 12 and 36 months, PTI reported.

The three-member NCLAT bench took note of the timelines and asked the apex court committee to file a report on the tentative completion date for each project by the next hearing on November 6.

“…there is no concrete date of completion of construction given in the affidavit, though it noted it shall be between 12-36 months,” said the NCLAT bench comprising Officiating Chairperson Justice Yogesh Khanna and Technical Members Barun Mitra and Ajai Das Mehrotra.

“We request the Apex Court Committee to file a report of tentative completion date in each of the 16 projects, as each project is at a different stage of construction and such report/affidavit may also disclose the finances available as of today and it be filed prior to the next date of hearing and the matter be listed for further orders on 06.11.2026,” it said.

According to the affidavit, due diligence and audit necessary for commencement of construction is proposed to be completed on or before January 15, 2027, while statutory approvals are to be obtained before construction begins from January 16, 2027.

The process for award of works by NBCC is expected to be completed by December 31, 2026.

On funds, the affidavit said resources for commencement would be mobilised through alternate sources, while the process for raising interim finance is expected to continue until about March 2027.