Apex Court Committee Makes Approval Mandatory for All Supertech Property Transactions
The Apex Court Committee has directed that all transactions involving Supertech properties require prior written approval, warning homebuyers, banks and investors against unauthorised deals during the resolution process.
- Prior written approval is mandatory for every Supertech property transaction.
- Buyers, banks, investors and brokers have been asked to verify approvals.
- Unauthorised transactions will be carried out at the parties’ own risk.
New Delhi: The Apex Court Committee has issued a public notice making it mandatory to obtain prior written approval before carrying out any transaction involving the assets or projects of Supertech Limited. The notice, issued on July 16, 2026, follows directions of the National Company Law Appellate Tribunal (NCLAT), which were later upheld by the Supreme Court.
The move is significant as it aims to safeguard the interests of thousands of homebuyers and ensure transparency during the company’s ongoing resolution process.
Under the new directions, no sale, transfer, allotment, lease, mortgage, registration, nomination or any other transaction involving Supertech’s movable or immovable assets can proceed without the committee’s written consent.
The restriction covers residential apartments, commercial units, office spaces, retail properties, plots, parking spaces and other assets owned by Supertech. The committee has also clarified that any document or agreement executed in violation of these directions will be treated as invalid and will not bind either Supertech or the Apex Court Committee.
According to the public notice, the directions are intended to preserve Supertech’s assets while ensuring the court-approved resolution framework is implemented smoothly. The committee has advised existing homebuyers, prospective buyers, investors, banks, financial institutions, brokers, contractors, vendors and the general public to carry out proper due diligence before entering into any transaction related to Supertech projects.
It has specifically urged stakeholders to verify that prior approval has been obtained from the Apex Court Committee.
The decision is expected to have a major impact on anyone planning to buy, sell, finance or register a Supertech property. Buyers may experience additional procedural steps, while banks and financial institutions will also need to confirm the committee’s approval before processing loans or property-related documentation.
The measure is designed to prevent unauthorised transactions that could complicate the ongoing insolvency resolution and affect the rights of homebuyers.
The Apex Court Committee has warned that any transaction carried out without its prior written approval will be entirely at the risk of the parties involved and may not be recognised during the implementation of the court-approved resolution plan.
These directions will remain in force until modified or withdrawn by the Apex Court Committee, the NCLAT or the Supreme Court. Homebuyers and investors are therefore advised to verify approvals carefully before proceeding with any Supertech property transaction.
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