Wednesday, May 27, 2026
41.1 C
New Delhi

SC refuses reprieve to any builder in CBI probe on nexus with banks

SC refuses reprieve to any builder in CBI probe on nexus with banks

NEW DELHI: Supreme Court said on Tuesday that prima facie it is convinced that there was a calculated and deep-rooted conspiracy between realtors and financial institutions to exploit the subvention scheme, causing harassment to homebuyers who kept paying EMIs for years for flats which remain elusive. In response to several builders’ plea that homebuyers have no grievance against them, SC refused to keep any realtor accused of delaying delivery of flats after joining the subvention scheme out of the purview of CBI’s probe. Additional solicitor general Aishwarya Bhati informed that in compliance of court orders, CBI has so far registered 28 regular cases, or FIRs, against builders and has completed probe in three cases where chargesheets have been filed. The bench asked the trial court to decide on taking cognisance of the chargesheets within two weeks and then proceed expeditiously with the trial.

Go to Source

Hot this week

USIBC hails US-India critical minerals pact, says framework opens ‘actionable pathways’ for investment, tech tie-ups

The US-India Business Council welcomed the agreements announced during US Secretary of State Marco Rubio’s India visit, saying the new framework on critical minerals and energy security would boost investment, technology partnerships, and supply chai Read More

Pahalgam Mastermind Threatens To Destroy Pakistan If It Normalises Ties With Israel | Watch

Lashkar-e-Taiba deputy chief Saifullah Qasoori issued a strongly worded warning against any Muslim ruler or country accepting Israel. Read More

Trump Administration Plans To Send Americans Exposed To Ebola To Kenyan Facility

Instead of being flown back to US soil, infected US citizens are being evacuated to top-tier biocontainment facilities in Europe and specialised centers in the Czech Republic. Read More

Study Finds 53% Of Indian Mothers Suffer Severe Sleep Loss, And Their Hair Is Paying The Price

A study analysing over 76,000 Indian mothers found alarming levels of stress and sleep deprivation closely linked to long-term hair thinning and postpartum hair fall. Read More

Congress alleges scam in OSM contract given for CBSE class 12 exam

Photo credit: ANI NEW DELHI: Alleging massive manipulation in the results of the CBSE exams of class 12, Congress leader Rahul Gandhi said the OSM contract given to “Globarena” was a “scam”. Read More

Topics

USIBC hails US-India critical minerals pact, says framework opens ‘actionable pathways’ for investment, tech tie-ups

The US-India Business Council welcomed the agreements announced during US Secretary of State Marco Rubio’s India visit, saying the new framework on critical minerals and energy security would boost investment, technology partnerships, and supply chai Read More

Pahalgam Mastermind Threatens To Destroy Pakistan If It Normalises Ties With Israel | Watch

Lashkar-e-Taiba deputy chief Saifullah Qasoori issued a strongly worded warning against any Muslim ruler or country accepting Israel. Read More

Trump Administration Plans To Send Americans Exposed To Ebola To Kenyan Facility

Instead of being flown back to US soil, infected US citizens are being evacuated to top-tier biocontainment facilities in Europe and specialised centers in the Czech Republic. Read More

Study Finds 53% Of Indian Mothers Suffer Severe Sleep Loss, And Their Hair Is Paying The Price

A study analysing over 76,000 Indian mothers found alarming levels of stress and sleep deprivation closely linked to long-term hair thinning and postpartum hair fall. Read More

Congress alleges scam in OSM contract given for CBSE class 12 exam

Photo credit: ANI NEW DELHI: Alleging massive manipulation in the results of the CBSE exams of class 12, Congress leader Rahul Gandhi said the OSM contract given to “Globarena” was a “scam”. Read More

Siddaramaiah vs DK Shivakumar: Why Congress faces its toughest balancing act in Karnataka

NEW DELHI: With the power tussle between Karnataka chief minister Siddaramaiah and deputy chief minister DK Shivakumar showing no signs of easing, Congress leaders are holding back-to-back meetings to find a way out of the crisis. Read More

‘I Stopped Counting At 487 Men’: French Banker Gets 25 Years For Rape, Torture Case

Show Quick Read Key points generated by AI, verified by newsroom Bank manager convicted of rape, torture, and selling girlfriend. Manager used manipulation to force acts involving strangers. Read More

Sumit Antil breaks own world record at Indian Open International Para Athletics Championships

Indian para-athlete Sumit Antil broke his own world record in the men’s javelin throw F64 event at the Indian Open International Para Athletics Championships in Bengaluru with a throw of 74.82m. Read More

Related Articles