Overview
- The three-member committee led by Justice (retd.) M. M. Kumar with Anoop Kumar Mittal and Rajeev Mehrotra will run the project and act as Supertech Realtors’ board.
- The panel will pick a new developer after vetting proposals, with any entity linked to Supertech or its erstwhile management barred from bidding.
- All receivables, unsold inventory and fresh buyer collections will flow into an escrow account reserved solely for construction.
- A forensic audit of Supertech Realtors and its parent will be commissioned by the committee to examine the companies’ accounts.
- The court noted lenders failed to act or restructure in time, weakening their claim to primacy; approvals must be fast-tracked by NOIDA, and progress will be reviewed on January 20, 2026.