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The Supreme Court has permitted the CBI to formally register a case and investigate the NCR builder-bank nexus. The development comes after the seventh preliminary inquiry found a cognizable offence under the subvention scheme. The case involves home loans disbursed directly to builders, who were meant to pay EMIs until possession. After developers defaulted, banks demanded repayment from homebuyers, many of whom never received their flats. Over 1,200 homebuyers from Noida, Greater Noida, and Gurugram have filed the petition, citing coercion and financial distress. #ncrbuilders #cbiprobe #supremecourt #homebuyers #bankfraud #realestatefraud #breakingnews #noida #gurugram #greaternoida .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. Watch News9 Live - The English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► News9 Plus Website : https://www.news9plus.com/all ► News9 Plus App : https://news9plus.app.link/aPwz3P2psMb ► News9 OTT Coupons : https://bit.ly/4dwLDx4 ► Watch us on YouTube : / news9live ► Like us on Facebook : / news9live ► Follow us on Instagram : / news9live ► Follow us on Twitter : / news9tweets #englishnews #tv9digital #tv9d #news #livestream & #news9livestreaming