‘Fraud’ against NCR homebuyers: Supreme Court nod to CBI to register six more cases in builder-bank ‘nexus’
The Supreme Court allowed CBI to regularly regular lawsuits between the banks and developers in the real estate projects in Mumbai, Bengaluru, Calcutta, Mohali and Preğraj.
The additional lawyer Aishwarya Bhati, who appeared for the agency, allowed CBI to progress according to the laws after the CBI’s additional lawyer Aishwarya Bhati, and except Supertech Ltd, completed the preliminary investigation in various builders in Mumya and fell outside the collaboration. Preğraj.
The Central Investigation Bureau (CBI) said that after the preliminary investigation, a cognitive crime emerged and allowed the agency to record regular cases and advance according to laws.
Ms. Bhati said that the agency was willing to record six regular cases for a quick investigation and to make a search and seizure on the subject.
The upper court directed Mrs. Bhati to share the sections of the sealed cover report with Amicus Curiae defender Rajiv Jain.
On July 22, the bench allowed the agency’s “sacred bonds” between banks and developers to enroll in 22 cases to investigate Dupe Homebuyers in Delhi-NCr, while he gave CBI for six weeks to complete the preliminary investigation for projects outside the National Capital Region (NCR).
22 Cases are related to the builders operating in NCR and the development authorities in Uttar Pradesh and Haryana.
In accordance with the subvention program, banks distribute the sanction amount directly to the accounts of the builders; This is then required to pay the sanction loan EMIs until the apartments are delivered to the landlords.
After the builders fell to banks against the EMIs, Banks demanded EMIs from their landlords in line with the tripartite agreement.
The upper court said that the investigation was still continuing in the seventh preliminary investigation in the seventh preliminary investigation recorded by the CBI on the projects of various builders except Supertech Ltd, who came out of the NCR in Preğraj in Mumbai, Bangalore, Calcutta, Mohali and Preğraj.
In various housing projects in NCR, the upper court hears a group of petitions presented by more than 1,200 hosts in Noida, Greater Noida and Gurigram and claim that they are forced to pay EMI despite the apartments by banks.
On March 29, the upper court allowed the CBI’s Noida, Greater Noida, Yamuna Motorway and Ghaziabad to make five preliminary investigations for the businesses and projects in Ghazabad.
He allowed a preliminary investigation to be registered against Realty Major Supertech Ltd, where he moved the upper court through 84 appeals, including projects in eight different cities.
On July 22, the upper court examined the report sent by the CBI on a sealed cover, which has made preliminary investigations in cases to determine the commission of a cognitive offense for builders and financial institutions, and claimed that 22 normal cases should be registered for more investigations.
On April 29, the upper court directed the CBI to conduct seven preliminary investigations against builders in NCR, including Supertech Limited.
Development officials, banks and builders collided with home buyers on their eyebrows, the upper court, famous banks and builders between Noida, Yarda, Yamuna, Great Noida, Mohali, Mumbai, Kolkata and Prayragraj said that a prima facie connection.
Amicus Curiae called Supertech Ltd as “main criminals” in defrauding hosts, while Corporation Bank has progressed more than 2,700 crore to builders through subsidies plans.
Amicus Curiae’s report revealed that Supertech Ltd alone has provided a loan amount of 5,157.86 Crore since 1998.
Released – 23 September 2025 02:25 IST
