NOIDA: Supertech has disbursed Dec salaries to 237 employees, totalling over Rs 1 crore, following an order from the National Company Law Appellate Tribunal (NCLAT) issued on Feb 10. The payment adheres to the plan prepared and submitted by interim resolution professional (IRP) Hitesh Goel in consultation with the Apex Court Committee (ACC), which oversaw the process.
The plan also includes disbursing Jan 2025 salaries, contingent upon the HR head submitting verified attendance records along with the processed salary sheet. The IRP emphasised the importance of accurate and timely documentation to ensure the continuation of salary payments.
On Feb 10, NCLAT had directed the IRP to disburse Dec salaries within seven days and begin processing Jan payments. A hearing regarding the non-payment of salaries from Sept to Nov 2024 is scheduled for Feb 18.
The employees, who were without salaries since Sept, recently approached NCLAT seeking intervention to clear their dues. Many struggled with basic expenses such as house rent, loan repayments and school fees.
Feb 4, employees gathered at Supertech’s Sector 96 office and staged a protest. During the Feb 10 hearing, NCLAT took note of the prolonged salary delays and instructed Supertech’s HR head, Arun Mathur, to cooperate in providing employee details and ensuring timely salary payments.
Goel had informed the tribunal that instructions for the bank transfer of December salaries were already issued, and the process for clearing Jan payments was underway.
The NCLAT order stated, “In view of the 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.”
Supertech Ltd has been undergoing insolvency proceedings since 2022. In Dec 2024, NCLAT mandated state-backed NBCC to complete 16 of Supertech’s unfinished projects.
