On Supreme Court’s orders, CBI registered 22 FIRs and raided 47 NCR sites in a builder–bank scam. Homebuyers were lured with false promises of “No Pre-EMI till possession”, leaving them cheated and trapped in loans.
Supreme Court allows CBI to register 22 FIRs over alleged fraud by builders and banks under subvention schemes in NCR. The bench termed it an “unholy nexus” causing massive loss to over 1,200 homebuyers.
The Supreme Court of India granted bail to a man imprisoned for over 5.2 years in a drug case without a trial beginning. The court emphasized that prolonged detention without trial is unjust. The accused sought bail after the Allahabad High Court denied his request, highlighting the unfairness of his continued incarceration.
The Supreme Court mandated states to expedite approvals for Unitech’s stalled housing projects to relieve homebuyers. Deadlines have been set for clearances, allowing construction to resume. Despite a new board’s establishment in 2020, progress has been minimal, leaving around 10,000 homebuyers awaiting possession and facing financial strain.
