💨 Abstract

The Supreme Court has ordered the Central Bureau of Investigation (CBI) to investigate the "builder-banks nexus" in the National Capital Region (NCR) that has duped thousands of homebuyers. Under a subvention scheme, banks have disbursed large amounts to builders without completing projects on time, causing homebuyers to pay EMIs without receiving flats.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖