Over 200 Supertech employees finally get salary for December 2024

                Noida: Supertech has disbursed Dec salaries 
to 237 employees, totalling over Rs 1 crore, 
following an order from the National Company 
Law Appellate Tribunal (NCLAT) issued on Feb 
10. The payment adheres to the plan prepared 
and submitted by interim resolution 
professional (IRP) Hitesh Goel in consultation 
with the Apex Court Committee (ACC), which 
oversaw 
the process.
The plan also includes disbursing Jan 2025 
salaries, contingent upon the HR head 
submitting verified attendance records along 
with the processed salary sheet. The IRP 
emphasised the 
importance of accurate and timely 
documentation to ensure the continuation of 
salary payments.
On Feb 10, NCLAT had directed the IRP to 
disburse Dec salaries within seven days and 
begin processing Jan payments. A hearing 
regarding the non-payment of salaries from 
Sept to 
Nov 2024 is scheduled for Feb 18.
The employees, who were without salaries 
since Sept, recently approached NCLAT 
seeking intervention to clear their dues. Many 
struggled with basic expenses such as house 
rent, loan 
repayments and school fees.
Feb 4, employees gathered at Supertech's 
Sector 96 office and staged a protest. During 
the Feb 10 hearing, NCLAT took note of the 
prolonged salary delays and instructed 
Supertech's 
HR head, Arun Mathur, to cooperate in 
providing employee details and ensuring timely 
salary payments.
Goel had informed the tribunal that 
instructions for the bank transfer of December 
salaries were already issued, and the process 
for clearing Jan payments was underway.
The NCLAT order stated, "In view of the 
aforesaid, we direct the salary for the month of 
Dec to be released within one week from today, 
that is by Feb 17, and with regard to salary for 
Jan, as submitted by IRP, the processing may 
be done and as early as possible the salary for 
Jan may also be released."
Supertech Ltd has been undergoing insolvency 
proceedings since 2022. In Dec 2024, NCLAT 
mandated state-backed NBCC to complete 16 
of Supertech's unfinished projects.

Source : Times of India