NCLAT Hands Over Supertech Projects to AoAs for Maintenance
NOIDA: The National Company Law Appellate Tribunal (NCLAT) has instructed that day-to-day maintenance of two Supertech housing projects—Ecociti (Sector 137) and 34 Pavilion (Sector 34)—be transferred to their registered apartment owners’ associations (AOAs) within 30 days. This decision empowers residents to manage essential services and maintenance through their elected representatives after enduring years of external management. A bench led by chairperson Ashok Bhushan and member (technical) Barun Mitra directed YG Estates Facilities Management Pvt Ltd, the respondent, to complete the transfer under the supervision of the interim resolution professional (IRP), as Supertech Ltd is currently in insolvency proceedings. In the…