Supreme Court Hints at CBI Probe Into Builder-Bank Nexus Exploiting NCR Homebuyers

Expressing the view that certain real estate companies, and banks which sanctioned loans to them for their projects in the National Capital Region, had taken poor homebuyers to ransom, the Supreme Court yesterday hinted at directing a CBI probe into a builder-banks nexus. A bench of Justices Surya Kant and N Kotiswar Singh was considering grievances of homebuyers in the National Capital Region, who claimed that they were being forced by banks to pay EMIs without having obtained possession of flats due to delay by the builders/developers.


LiveLaw brings you the latest legal news and updates from India and beyond.
We are into fact based legal journalism.
Endeavour of LiveLaw is to play an active role for a transparent and democratic legal ecosystem, in the larger public interest.

This video is an intellectual property belonging to LiveLaw Media Pvt Ltd. Any unauthorised usage of this video/script in any format is prohibited and will be subject to prosecution.

Stay updated. Subscribe to our channel bit.ly/2pskgB3

Support Us: bit.ly/35qFj6A

Visit Our Website: www.livelaw.in/
hindi.livelaw.in/

Facebook: www.facebook.com/livelawindia
www.facebook.com/LiveLawHindi
Twitter: twitter.com/livelawindia
twitter.com/LivelawH
Instagram: www.instagram.com/livelaw.in/
www.instagram.com/livelawhindi/
Linkedin: www.linkedin.com/company/livelaw
www.linkedin.com/company/livelaw-hindi

Live Law app is India's fastest legal news app that will keep you updated on the latest law/legal news from India and across the world. Download now.
Android: bit.ly/2toaimp
iOS: apple.co/39dQ0vh

#SupremeCourt #HomebuyerScam #CBIInvestigation #RealEstateFraud #LegalNews