https://www.taxtmi.com/news?id=37711 The Supreme Court directed the CBI to file a detailed roadmap to investigate the alleged builder-banks nexus in subvention schemes where banks disbursed major portions of sanctioned home loans directly to builders before project completion, prompting banks to later demand EMIs from homebuyers after developer defaults; the CBI was asked to specify scope, resources and expertise, to start a pilot in Greater Noida, and the court appointed an amicus to assist while noting limited compliance by developers and financial institutions with prior disclosure orders. en-us Tue, 18 Mar 2025 20:16:03 +0530 Tue, 18 Mar 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37711 The Supreme Court directed the CBI to file a detailed roadmap to investigate the alleged builder-banks nexus in subvention schemes where banks disbursed major portions of sanctioned home loans directly to builders before project completion, prompting banks to later demand EMIs from homebuyers after developer defaults; the CBI was asked to specify scope, resources and expertise, to start a pilot in Greater Noida, and the court appointed an amicus to assist while noting limited compliance by developers and financial institutions with prior disclosure orders. News - Tue, 18 Mar 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=37711