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NEW DELHI: A Supreme Court seat of Justices Surya Kant, Ujjal Bhuyan and N K Singh allowed CBI connected Tuesday to registry FIRs successful six instances of builder-bank nexus allegedly exploiting subvention schemes successful the lodging assemblage to harass and fleece thousands of homebuyers portion denying them their flats for decades.
The bid came aft solicitor wide Aishwarya Bhati informed SC that CBI had detected cognisable offences. CBI's preliminary probe, connected SC's April 29 direction, covered 21 lodging projects, and 19 banks and location financiers. Quoting from amicus curiae Rajiv Jain's report, the seat had underlined that 8 banks and location concern companies - Indiabulls Housing Finance, PNB Housing Finance, Dewan Housing Finance, HDFC, ICICI Bank, L&T Housing Finance and Aditya Birla Housing Finance - are progressive successful 21 projects. Jain had recovered that Supertech unsocial secured implicit Rs 5,157 crore from banks and fiscal institutions since 1998. He had suggested probe into Supertech's links with Corporation Bank, IDBI Bank, Punjab & Sind Bank, India Bank, and PNB. CBI has already registered 22 regular cases against companies, its directors and different chartless slope officials and others. The seat had asked CBI to registry 1 PE to probe projects of Supertech, and a abstracted 1 connected lodging projects nether subvention schemes successful Noida, Greater Noida, Yamuna Expressway Industrial Development Authority, Gurgaon and Ghaziabad.
