Directing the Central Bureau of Investigation to register and conduct multiple preliminary inquiries into an alleged “builder-bank nexus”, the Supreme Court on Tuesday gave an order on a plea filed by a large number of homebuyers who claimed they were forced to pay EMIs despite not receiving possession of their flats due to delays by developers.
SC asked CBI to conduct preliminary inquiries
A bench of Justices Surya Kant and N. Kotiswar Singh ordered the central investigation agency to conduct preliminary inquiries in relation to the projects launched by M/s Supertech limited in Delhi NCR region and to conduct the same over projects by other builders outside Delhi NCR region.
Homebuyers raised issues regarding the subvention scheme
Homebuyers also highlighted issues regarding the subvention scheme, under which banks sanction loans to homebuyers, but the EMIs against those loans are to be paid by the builders as per a tripartite agreement. However, when builders defaulted on these payments, banks initiated recovery proceedings against the homebuyers, the homebuyers have alleged.
The apex court observed that, prima facie, a nexus between builders and bank officials facilitated wrongdoings, ultimately causing hardship to homebuyers.
Delhi HC seeks response over sell of Waqf property by tenant
In a separate legal case, the Delhi High Court sought a response from Delhi Police, Delhi Waqf Board, and others over the selling of a waqf property by a tenant. A petition seeking a direction for action has been moved before the High Court.
Justice Tara Vitasta Ganju issued notice to the Delhi Police, the Board, MCD, the seller, and the buyer of the property situated in Shahdara.
Court directed Delhi Police, Delhi Waqf Board to file response
The court has directed them to file a response within two weeks on the petition. The matter has been listed for hearing on May 14. During the hearing, Delhi Police, MCD, and other departments assured the court they would take action.
This petition has been filed by the Management Committee of Masjid Parao Wali through advocate Wajeeh Shafiq.
