NBCC (India) Limited — Important, 25-02-2025: Updates

NBCC (India) Limited has been appointed as the Project Management Consultant for the completion of 16 projects for Supertech Ltd. Following a Civil Appeal filed by NBCC in the Supreme Court regarding prior decisions made by the NCLAT, the operation of these orders has been stayed until the next hearing on April 1, 2025. The Resolution Professional will continue to fulfill their obligations as per the IBC during this interim period. This development may create uncertainties around project timelines and operational stability, making it crucial for investors to monitor the situation closely for potential impacts on NBCC's ongoing and future projects.