SC orders CBI probe against projects of Supertech Limited in NCR to unravel 'builder-banks' nexus

In a significant development, the Supreme Court of India has directed the Central Bureau of Investigation (CBI) to conduct a preliminary inquiry into the real estate projects of Supertech Limited in the National Capital Region (NCR). The court has expressed concern over what it described as an "unholy" nexus between banks and real estate developers, which has allegedly led to widespread fraud affecting thousands of homebuyers.

India