NCLAT asks Supertech to pay December salaries to around 300 employees, ET RealEstate

February 11, 2025
1 min read
NCLAT asks Supertech to pay December salaries to around 300 employees, ET RealEstate


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NOIDA: The National Company Law Appellate Tribunal (NCLAT) has asked Supertech interim resolution professional (IRP) Hitesh Goel to disburse Dec salaries to around 300 employees within seven days and begin processing Jan payments. A hearing regarding the non-payment of salaries between Sept and Nov last year is scheduled for Feb 18.

The 300-odd workers, who have been without pay since Sept last year, recently approached the NCLAT, seeking its intervention and an order to IRP to clear the dues.

Many told TOI earlier they had been struggling with basic expenses such as monthly house rent, loan repayments, and school fees. On Feb 4, the employees gathered at the Supertech’s Sector 96 office and vowed not to resume work until their salaries were cleared.

During a hearing on Monday, the tribunal took note of the prolonged delay in salary disbursements and instructed Supertech’s HR head, Arun Mathur, to cooperate in providing employee details and ensuring salary payments within the stipulated timeframe.

Goel, meanwhile, informed NCLAT that instructions for the bank transfer of salaries had been already issued and that the process for clearing Jan payments was underway.

“In view of 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,” the order stated. About Rs 1.5 crore is paid monthly in employees’ salaries.

The tribunal also heard a plea of the Shree Shyam Vendors Association, formed by around 250 vendors and contractors, who are seeking the clearance of over Rs 200 crore dues for services and materials supplied for Supertech’s stalled housing projects.

The plea is to be heard next on Feb 18.

  • Published On Feb 12, 2025 at 09:09 AM IST

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