Supreme Court Directs CBI To Conduct Preliminary Enquiries Into NCR's 'Builder-Banks Nexus'; Probe To Start With Supertech Ltd

The Supreme Court directed the CBI to conduct seven preliminary enquiries into the nexus between NCR builders and banks, with the probe to start with Supertech Ltd. This order reflects the apex court's concern over potential irregularities and collusion between real estate developers in the National Capital Region and financial institutions. The CBI investigation aims to unearth any wrongdoing that may have led to financial distress for homebuyers and the banking sector.