A bench of justices J S Kehar and C Naggapan said, "Let the central government take a decision on this issue" and dismissed the plea of the firm which was filed against interim orders of the National Green Tribunal (NGT).
Senior advocate A M Singhvi, appearing for the firm, said around 4,000 flats are ready for hand over and a great humanitarian problem will arise if completion certificates are not issued by Noida Authority as it will lead to denial of possession to homes buyers who have almost paid 95 per cent of sale consideration.
Later, the tribunal did not entertain a review plea seeking modification of the earlier impugned order.
The real estate firm said the NGT relied on a Supreme Court order and "completely misread the order" to mean that the apex court had "enforced/implemented the 10 KM eco- sensitive zone".
The orders adversely affected projects, which were started in 2008, after the grant of environment clearance (EC) by the Ministry of Environment and Forests in 2007.
The firm is developing an integrated township in Noida spread over 1072 acres and it comprises flats, apartments, plots, houses, schools, recreational, commercial and medical facilities, the plea said.