https://www.taxtmi.com/news?id=42308 Supreme Court directed a CBI preliminary inquiry into Supertech projects in NCR to investigate an alleged builder-bank nexus operating via subvention schemes. The court ordered state police to form a Special Investigation Team and required senior officials and nodal officers from urban authorities, the housing ministry, ICAI and the central bank to provide assistance within a week to probe the arrangements by which banks paid substantial portions of loans to developers before project completion, affecting thousands of homebuyers. en-us Tue, 29 Apr 2025 15:46:02 +0530 Tue, 29 Apr 2025 15:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42308 Supreme Court directed a CBI preliminary inquiry into Supertech projects in NCR to investigate an alleged builder-bank nexus operating via subvention schemes. The court ordered state police to form a Special Investigation Team and required senior officials and nodal officers from urban authorities, the housing ministry, ICAI and the central bank to provide assistance within a week to probe the arrangements by which banks paid substantial portions of loans to developers before project completion, affecting thousands of homebuyers. News - Tue, 29 Apr 2025 15:46:02 +0530 https://www.taxtmi.com/news?id=42308