Developer Supertech’s ₹ 432 Crore Default Led To Bankruptcy Order
The default involves the loan given by the Union Bank of India to Supertech’s Eco Village II project at Greater Noida (West) in Uttar Pradesh, which was being developed for ₹ 1,106.45 crore. The non-payment of around ₹ 432 crore in dues led to India’s bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of…
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