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Builder-Bank Nexus: Will definitely order CBI probe, says SC on nexus between builder and banks

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Builder-Bank Nexus

Will definitely order CBI probe, says SC on nexus between builder and banks

This story was originally published at 18:29 IST on March 18, 2025  Back
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The Supreme Court on Tuesday said it will definitely order a Central Bureau of Investigation probe to uncover nexus between banks or financial institutions and builders-cum-developers with respect to projects where homebuyers have paid substantial amounts and projects have not even been launched or construction has not begun. "Thousands of people are crying. We can't wipe their tears, but we can address their issues. Something very effective has to be done in a time bound manner," said the court.

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