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Supreme Court panel orders prior approval for all Supertech Realtors Supernova unit deals starting December
Politics
Published on 15 May 2026
Board approvals will lapse and deals become void
A Supreme Court empowered committee has issued a public notice that any real estate transaction involving Supertech Realtors’ Noida “Supernova” project requires prior written approval from the panel. This includes sale, transfer, assignment, conveyance, and creation of third-party rights for units in Supertech Realtors Pvt Ltd. Deals without approval will be treated as null and void ab initio, and past board resolutions won’t apply from December 16, 2025. The panel, chaired by Justice M M Kumar, has appointed PwC as transaction advisor to revive the stalled project.
- Prior written approval is mandatory for all SRPL “Supernova” unit deals
- Applies to sale, transfer, assignment, conveyance, and third-party rights
- Unapproved transactions will be null and void ab initio
- Any past board authorisation will not be valid from December 16, 2025
- Around 2,800 buyers remain stuck in the Noida project
- PwC appointed as transaction advisor to identify and onboard a new developer
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times