On Friday, the Supreme Court of India suggested the formation of a court-monitored committee to oversee the distressed projects of Supertech Limited following the suspension of its interim resolution professional (IRP), Hitesh Goel, due to alleged violations of the Insolvency and Bankruptcy Code (IBC). The Chief Justice of India, Surya Kant, emphasized the need for propriety, stating that the suspended IRP should not participate in ongoing proceedings until fully exonerated. The court previously directed the National Buildings Construction Corporation Limited (NBCC) to take over the construction of 16 Supertech projects, which are currently at various stages of development. The court's consideration for a new committee aims to ensure that all projects are administered by a single authority, thereby protecting the interests of homebuyers who have invested in these properties. Supertech claims to have about 40,000 flats across its projects, while homebuyers assert that over 51,000 units remain unfinished. The court's actions reflect a commitment to institutional transparency and the urgency of safeguarding homebuyers' investments.