Supertech's 40-storey twin towers in Noida to be demolished on August 21

June 08, 2022 10:04

The 40-storey twin towers of Supertech, Emerald project in Noida will be demolished on August 21, said New Okhla Industrial Development Authority on Tuesday.

The Supreme Court last month had extended the deadline for the demolition of Supertech's twin 40-storey towers in Noida till August 28. A bench of Justices DY Chandrachud and PS Narasimha had granted three months extension to demolish the twin towers after the agency appointed for demolition Edifice Engineering sought time.

The earlier date fixed to demolish the towers, which have been held illegal for a violation of norms, was May 22, 2022.

The application for an extension of time to demolish the towers filed by Interim Resolution Professional (IRP) for Supertech said that after the test blast conducted by the Edifice Engineering it was found that the structure was stronger and more stable than it was expected.

IRP was appointed superseding the board of Supertech Ltd by the National Company Law Tribunal while hearing a petition filed by the Union Bank of India against the real estate major for non-payment of dues worth around Rs 432 crore.

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