Supertech Employees Seek Resolution For Pending Salaries in Noida

                Noida: More than 300 employees of Supertech 
Limited — currently under insolvency 
proceedings — staged protests on Tuesday 
along with hundreds of vendors, demanding 
that 
salaries and payments due to them for several 
months be cleared at the earliest.
Both groups have recently approached the 
National Company Law Appellate Tribunal 
(NCLAT), seeking its intervention and an order 
to interim resolution professional (IRP) Hitesh 
Goel to clear the dues.
Employees gathered at the company's Sector 
96 office in Noida on Tuesday morning, 
expressing their frustration over five months of 
unpaid salaries. The protesters vowed not to 
resume work until their salaries were cleared.
The 300-odd workers have been without pay 
since Sept last year, causing them severe 
financial hardships. Many said they had been 
struggling with basic expenses such as 
monthly 
house rents, loan payments, and school fees. 
Some of them claimed facing the risk of their 
children being expelled from schools.

Supertech Ltd is one of many companies 
floated by Supertech group. The National 
Company Law Tribunal ordered the initiation of 
insolvency proceedings against it in March 
2022. 
Following an appeal by Ram Kishor Arora — a 
former Supertech promoter — the NCLAT in 
June 2022 allowed the formation of the 
committee of creditors for Ecovillage 2 while 
keeping other projects under the supervision of 
the IRP.
Several vendors of Supertech Ltd — who have 
formed Shri Shyam Vendors Association to 
register their protest — began an indefinite sit-
in pat Supertech Square, demanding 
settlement of their dues exceeding Rs 200 
crore.
Association president Dinesh Bhati has also 
called on National Buildings Construction 
Corporation (NBCC) to release at least 50% of 
their pending payments before initiating work 
on 
Supertech's stalled housing projects.
The state-backed NBCC, which was mandated 
by NCLAT in Dec 2024 to complete 16 
unfinished projects of Supertech, has yet to 
respond to the contractors' demands. The 
vendors 
have also filed a petition with NCLAT, which 
heard their plea last week and requested IRP 
Goel for a written submission.
Following Supertech's insolvency proceedings 
in March 2022, the IRP had assured vendors 
that dues incurred during corporate insolvency 
resolution process would be settled "on 
priority". This commitment, however, remained 
unfulfilled.
The association of vendors also argued that 
while issuing its order asking NBCC to 
complete the unfinished projects in Dec last 
year, NCLAT failed to acknowledge the priority 
of 
payments due to operational creditors — as 
mandated by the Insolvency and Bankruptcy 
Code. The payments included expenses for 
maintaining essential supplies and facilitating 
the 
completion of the projects and handovers of 
flats.
NCLAT has scheduled hearings for the 
employees' case on Feb 10 and the vendors' 
petition on Feb 11.

Source : Times of India