Delhi-based Alpha Corp Development announced an investment of ₹750 crore in three distressed assets of Earth Infrastructure Ltd (EIL) located in Greater Noida and Gurugram, following a Supreme Court ruling that reinstated resolution plans for stalled projects. This decision provides relief to over 3,000 home and commercial space buyers, with the projects expected to generate a total revenue potential of ₹1,200 crore. The Supreme Court's ruling, made on Tuesday, reversed a January 2023 decision by the National Company Law Appellate Tribunal (NCLAT) that had set aside the resolution plans after an appeal by the Greater Noida Industrial Development Authority (GNIDA). The court mandated GNIDA to recover only its principal dues, waiving penalties due to its prolonged inaction, which contributed to the current situation. Santosh Agarwal, executive director and CFO of Alpha Corp, stated that the company plans to start construction within four years after resolving outstanding dues. The investment will primarily be financed through internal accruals and some debt. The projects include two commercial IT developments and a residential project, with plans for redevelopment and modernization to meet current market demands.