In the matter where the Supreme Court ordered a probe by the Central Bureau of Investigation into a builder-banks nexus exploiting homebuyers in the national capital region, the CBI was today allowed to proceed with registration of criminal cases qua projects outside NCR.

On a mentioning, a bench of Justices Surya Kant, Ujjal Bhuyan and N Kotiswar Singh allowed the CBI to register regular cases, after it was informed that the 7th preliminary enquiry was complete and disclosed commission of a cognizable offense.

To recap, this is the matter where the Court directed CBI to conduct 7 preliminary enquiries into the "unholy" nexus of builders and banks in NCR, noting that certain real estate companies, and banks which sanctioned loans to them for their projects in NCR, had taken poor

See Full Page