SC orders CBI probe into Supertech projects in NCR

The Supreme Court on Tuesday directed the CBI to register a preliminary enquiry (PE) and investigate the nexus between real estate developer Supertech and eight banks over delays in project completion and forcing buyers to pay EMIs.

- Suchitra Kalyan Mohanty @ New Delhi

The top court ordered the CBI to probe incomplete Supertech projects with irregularities in the NCR region—including Noida, Greater Noida, and Gurugram—after observing an apparent "unholy" nexus between the banks and the developer. Taking note of an affidavit filed by the CBI, a two-judge bench comprising Justice Surya Kant and Justice N. Kotiswar Singh directed the Directors General of Police of Uttar Pradesh and Haryana to provide a list of DSPs, inspectors, and constables to the CBI to facilitate the formation of a Special Investigation Team (SIT) for the prob